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Taobao Instant Commerce Hits Mkt; Nayuki Sees Ele.me Orders Up 2x in 24 Hrs
BABA-W (09988.HK) (BABA.US)’s e-commerce platform Taobao & Tmall upgraded its one-hour delivery service “Xiaoshida” to “Taobao Instant Commerce”, ...
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Taobao Instant Commerce Hits Mkt; Nayuki Sees Ele.me Orders Up 2x in 24 Hrs
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BABA-W (09988.HK)  +4.500 (+3.830%)    Short selling $1.40B; Ratio 15.820%   (BABA.US)      ’s e-commerce platform Taobao & Tmall upgraded its one-hour delivery service “Xiaoshida” to “Taobao Instant Commerce”, partnering with Ele.me to launch a large-scale subsidy campaign, sparking a surge in food delivery consumption during the May Day holiday.

NAYUKI (02150.HK)  +0.100 (+8.850%)   saw Ele.me orders on Taobao Instant Commerce soar over 200% YoY within 24 hours of launch, with delivery capacity in core cities nationwide operating at full load.

Related NewsG Sachs Estimates BABA-W 4Q25 EBITA to Hike 12% YoY; Rating Buy
The mainland food delivery market sees competition boil up. Ele.me recently announced heightened platform subsidies, launching the “Ele.me Super Hundred Billion Subsidy” promotion, with immediate effect.

Taobao Instant Commerce debuted in 50 cities in China, with plans to expand nationwide, posing a challenge to competitors like MEITUAN-W (03690.HK)  +2.200 (+1.688%)    Short selling $446.69M; Ratio 11.741%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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