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Chinese e-commerce giants invest $28 billion in "instant retail," defying regulatory warnings for fast growth.
Chinese e-commerce giants Alibaba, JD.com, and Meituan are investing nearly $28 billion in their "instant retail" price war, offering one-hour deliveries despite regulatory concerns.
The instant retail sector, growing 2.5 times faster than traditional e-commerce, is projected to reach over 2 trillion yuan by 2030.
Despite warnings from the State Administration of Market Regulation, these companies see instant retail as crucial for future growth in China's digital economy.
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Los gigantes chinos del comercio electrónico invierten $28 mil millones en "comercio al por menor instantáneo", desafiando las advertencias regulatorias para un rápido crecimiento.