Sunday, 2023 October 1

China’s claims 260m users and 6 billion orders for 2017

Chinese food tech startup, which recently got acquired by Alibaba, just released some of its key stats in a report at a time leading up to its 10th anniversary.

The report claims that the Shanghai-based company, which was founded in the year of 2009, now delivers foods among other things to more than 260 million users provided by over 2 million restaurants that spread across 2,000 Chinese cities. The company currently employs upwards of 15,000 staff and contracts 3 million delivery men, aka riders who fulfilled 6 billion orders in 2017. China online food delivery is now a RMB 20 million market (Approximately US$3.2 million).

Last year its founder and chief execs ZHANG Xuhao coined a new slogan of “Make Everything 30min”, echoing with the dotcom’s vision to deliver an assortment of things to a user within 30 minutes. The vision is also reflected in part of Alibaba’s new retail push that aims to integrate online and offline services to build up a so-called convenient home range of 30 mins delivery for Chinese urbanites.

36Kr Global Contributors
36Kr Global Contributors
The tech ecosystem is roaring. Unicorns valued at billions of dollars have emerged worldwide, while venture capital and strategic investors are constantly on the lookout for the next big thing. 36Kr Global is committed to establishing ties between global stakeholders and providing the most vital information about China’s tech scene and capital markets.

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