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Stock impact report

JD.com pledges $3.12 billion housing support for couriers [Yahoo! Finance]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Yahoo! Finance
JD.com's move, announced in ?a post on its official WeChat account on Friday, follows a similar promise from food delivery firm ?Meituan. Last month, Meituan said it would invest 10 billion yuan over the next five years to build a more comprehensive welfare system for its delivery riders. JD.com and Meituan, along with Alibaba, have this year been locked in a battle for market ?share in the instant retail ?space, which refers to goods delivered within one hour. This rivalry has pushed companies to allocate billions of dollars toward consumer subsidies and ?discounts, squeezing profit margins and prompting regulatory scrutiny. The Chinese authorities have summoned Meituan, JD, and Alibaba, urging them to scale back their rivalry and engage in 'rational competition'. The battle has intensified ?pressure on China's estimated 12 million couriers who zip around on bikes wearing ?their signature bright yellow, red, orange and blue uniforms of their respective employers delivering e Show less Read more
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