FB Pixel no scriptVideo | China’s tech companies are greengrocers now | KrASIA
Menu
KrASIA
Videos

Video | China’s tech companies are greengrocers now

Written by James Chan Published on 

Share
Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.

With lockdowns beginning in late January 2020, many residents of Chinese cities had to rely on online, on-demand services offered by e-commerce and food delivery platforms.

The pandemic’s persistence introduced the wider population to the versatile use of couriers for a range of tasks, with community-based, bulk grocery purchases gaining the most traction among China’s tech giants.

However, as the group-buying model spread like wildfire across China’s numerous urban clusters, it grabbed the attention of regulators. State media criticized internet giants’ investment in the space as a lazy method of monetizing user traffic. Soon after, regulators came up with a set of guidelines for the sector to rein in the abusive use of subsidies and price-cutting by cash-rich internet entrants.

To read the complete KrASIA’s article, click here, or just watch out our explainer on the topic:

To watch other videos by KrASIA, please visit our YouTube channel.

Share

You might like these

  • News

    Alibaba denies that Lazada CEO in Thailand will join ByteDance’s e-commerce unit

    By 

    Song Jingli

    24 Feb 2021    03:05 PM

KrASIA InsightsKrASIA Insights

  • Niki, an AI-enabled household manager for small town consumers, helps users order groceries as well as pay utility bills.

    Insights

    This voice assistant runs errands for semi-rural users in India | Tales from India’s Towns

    By Avanish Tiwary

    22 Feb 202101:05 AM

Most PopularMost Popular

See All