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Richard Liu: JD Food Delivery Will Launch Biz Model Completely Different from Meituan's in Month's Time
Richard Liu, Chairman of JD-SW (09618.HK), revealed that before the group officially entered the food delivery market, he had already disclosed this move to MEITUAN-W (03690.HK)...
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Richard Liu: JD Food Delivery Will Launch Biz Model Completely Different from Meituan's in Month's Time
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Richard Liu, Chairman of JD-SW (09618.HK)  -4.900 (-3.787%)    Short selling $294.34M; Ratio 25.296%   , revealed that before the group officially entered the food delivery market, he had already disclosed this move to MEITUAN-W (03690.HK)  -4.100 (-3.076%)    Short selling $528.66M; Ratio 14.504%   's founder Wang Xing, 58.com's founder Yao Jinbo, and Didi's founder Cheng Wei during a meal, Chinese media reported.

Liu also mentioned that JD Food Delivery will soon introduce a business model completely different from Meituan's in a month's time. The group expects this business model to thoroughly resolve food safety issues and provide consumers with cost-effective and safe food.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 12:25.)

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