JD.com

The firm just received USD 20 million investment in a Series A+ round led by Source Code Capital.

The move is Meituan’s second foray into China’s RMB 5 trillion (USD 733 billion) fresh food retailing industry.

The startup, which currently operates in Eastern China only, wants a slice of the USD 733 billion fresh food retail market.

By 2025, the country’s e-commerce sector is projected to generate 41.3 million tonnes of plastic waste, but efforts are being made.

But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com.

WeChat users can now submit identity and bank information to register for a store.

JD Health enables a family of up to eight people to get their health records preserved in its system, while providing all members with remote access to doctors.

JD’s growth once again beat analysts’ estimates.