https://www.scmp.com/rss/522702/feed The latest news and top stories on Wang Puzhong. He oversees the core local commerce business of Meituan, encompassing food delivery, in-store services, hotel and travel, and instant retail. Joining Meituan in 2015, he previously led the takeout department and is a key member of Meituan’s S-team. He advocates for sustainable growth and profitability in China’s instant delivery sector, cautioning against irrational competition and "bubble" order volumes. His expertise lies in optimising... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ben Jiang Ben Jiang Alibaba Group’s logistics arm Cainiao and online grocery business Tmall Supermarket are teaming up to expand fulfilment infrastructure and speed up deliveries, as the Chinese e-commerce giant ramps up its efforts in China’s fast-growing instant commerce battle to fend off rivals such as JD.com and Meituan. Cainiao will launch new or expand instant commerce warehouses for Tmall Supermarket across 31 mainland Chinese cities by the end of January 2026, it said in a statement on Thursday. Alibaba... https://www.scmp.com/tech/big-tech/article/3337029/need-speed-alibaba-ramps-china-instant-commerce-push-cainiao-and-tmall-tie?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337029/need-speed-alibaba-ramps-china-instant-commerce-push-cainiao-and-tmall-tie?utm_source=rss_feed Fri, 19 Dec 2025 10:15:09 +0000 SCMP Editorial SCMP Editorial Beijing is trying to curb cutthroat price wars that have broken out in multiple sectors. Caused by overcapacity and insufficient demand, many companies have been locked into an unsustainable spiral of price-cutting that not only forgoes profits but imperils their very business survival. Ultimately, job losses will be a lose-lose for all sides concerned. Whether in food delivery, e-commerce or advanced manufacturing for batteries, solar panels and electric vehicles, excessive competition has... https://www.scmp.com/opinion/comment/article/3319240/chinese-companies-must-turn-involution-sustainable-evolution?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3319240/chinese-companies-must-turn-involution-sustainable-evolution?utm_source=rss_feed Wed, 23 Jul 2025 22:45:08 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s top market regulator summoned representatives of the country’s biggest online food delivery platforms last week, urging them to rein in a cutthroat price war that began in February. The State Administration for Market Regulation met representatives from Ele.me – a unit of South China Morning Post owner Alibaba Group Holding – Meituan and JD.com on Friday, and called on them to engage in “rational” competition. Ahead of the meeting, a senior Meituan executive said “irrational competition”... https://www.scmp.com/plus/article/3318997/china-talks-tough-need-curb-price-wars?utm_source=rss_feed https://www.scmp.com/plus/article/3318997/china-talks-tough-need-curb-price-wars?utm_source=rss_feed Mon, 21 Jul 2025 09:00:08 +0000 Ben Jiang Ben Jiang A Meituan executive said the company had no choice but to join the latest round of what he called “irrational competition” against rivals JD.com and Alibaba Group Holding in China’s instant delivery sector, even though the blizzard of discounts being offered to woo buyers had become disconnected from business fundamentals. “We didn’t want to take part in [the price war], as we don’t think it makes sense,” Wang Puzhong, head of Beijing-based Meituan’s core local commerce business, said in an... https://www.scmp.com/tech/big-tech/article/3318580/meituan-executive-bemoans-irrational-instant-commerce-price-war-alibaba-jdcom?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318580/meituan-executive-bemoans-irrational-instant-commerce-price-war-alibaba-jdcom?utm_source=rss_feed Thu, 17 Jul 2025 11:00:16 +0000