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JD Food Delivery Reportedly Responds to Meituan's Coupon Withdrawal News, Adjusts RMB10B Subsidy Policy
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MEITUAN-W (03690.HK) was alleged of unexpectedly retrieving food delivery coupons obtained by users participating in events, Chinese media reported. In response, JD Food Delivery reportedly posted a message stating that the company only issues coupons and does not retrieve them. JD Food Delivery's "Ten-Billion-Yuan Subsidy" policy will undergo a new round of adjustments, report said. Several merchants exposed that JD Food Delivery will adjust the previous cost-sharing ratio between the platform and merchants from 50% each to merchants bearing 70-80%. AASTOCKS Financial News Website: www.aastocks.com |
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