Just some observations: 1) JD is losing market share to PDD across the board due to consumer trade-down in a weak macro environment and 2） Other than BABA owned Hema, most other online grocers are struggling with MAU’s going backwards in 2023 as China reopened based on the data I’ve seen.
Just some observations: 1) JD is losing market share to PDD across the board due to consumer trade-down in a weak macro environment and 2） Other than BABA owned Hema, most other online grocers are struggling with MAU’s going backwards in 2023 as China reopened based on the data I’ve seen.
Thanks for the good work! Slightly adventurous for me but could be a big winner for sure.