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flag Chinese e-commerce giants invest $28 billion in "instant retail," defying regulatory warnings for fast growth.

flag 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. flag The instant retail sector, growing 2.5 times faster than traditional e-commerce, is projected to reach over 2 trillion yuan by 2030. flag 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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