Meituan keeps tight grip on 70% of food delivery market in China, report says

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Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding’s Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data.Meituan did not comment on the report. If confirmed, it would show the challenges Meituan’s rivals face in changing consumer habits, after a price...