Jianggan Li
speaker
871 appearances
4 recordings
1 series
first heard Sep 2025
last heard 6 Sep
Jianggan Li’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
But I think for a while they said, OK, JD is structured very differently.
So for them to mount an offensive mechanism.
in food delivery will be quite hard because that requires a lot of refined operations.
Things took a turn in late April when Alibaba entered the show.
And in July, Alibaba committed that they would invest 50 billion yuan into subsidies over the course of one year.
And of course, Alibaba owned the second ranked food delivery platform called Elema in China, which historically had like 25 to 30% market share.
But this time around, they threw in their biggest weapon, Taobao, right?
Taobao is the daily app for shopping and everything.
Even before this war, they had like 400 million daily active users.
So they...
They made an entry point on top of saying that now you can buy everything like instant on top of food, bubble tea, gadgets and stuff.
Everything will be delivered to you in 30 minutes.
So hence the war started and it has been bloody.
It's been bloody if you look at the financials of all the companies.
I think Alibaba is announcing their financials as we speak in a couple of hours.
But when we look at JD, when we look at Meituan, they caught their entire profit, which they have managed to build over the years, wiped out because of that.
one thing for many platforms in China for the last couple of years since the pandemic is that, you know, the overall consumption is relatively flat.
It's not growing at
I mean, it's growing modestly over a quarter, but by and large it's flat.
So that causes a lot of people to look for new avenues for growth.
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