
Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ:JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC:MPNGF) and Alibaba Group Holding Ltd (NYSE:BABA).
What Happened: JD Retail CEO Xin Lijun, in an interview with Bloomberg TV, said the company has “considered and explored” launching an on-demand food delivery service.