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Baidu (BIDU) and Alibaba (BABA) are running food takeout-delivery businesses in China that will not make any money, according to a research report. Takeout delivery companies in China, such as those operated by Chinese search giant Baidu and online shopping leader Alibaba, use subsidies to incentivize shoppers to be loyal to platforms, as well as attract new customers in the competitive sector. Summit Research doesn’t believe the model is Scalper1 News
Scalper1 News