E-commerce & Instant Retail
Giants 'Besiege' the Wet Market
The trivial task of buying groceries has caught the attention of tech giants. In mid-January, Meituan quietly launched an app called 'Meituan Maicai'; on March 28, Alibaba's Hema Fresh opened a 'wet market' in Shanghai named Hema Caishi; on March 30, at Alibaba's local life fresh produce partner conference, Ele.me and popular fresh e-commerce Dingdong Maicai reached a strategic cooperation and announced that their grocery business had expanded to 100 cities nationwide.
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