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China’s ongoing food delivery war has dominated headlines recently. According to Bloomberg's estimates, the mutual price-cutting and rivalry between $JD.com(JD)$ and $MEITUAN-W(03690)$ have wiped out around $70 billion USD in combined market value.
According to a report from research firm Momentum Works, $Grab Holdings(GRAB)$ and foodpanda control about 91% of Singapore’s $2.5 billion USD food delivery market, with Grab alone holding a 63% share.
Is burning cash to gain market share really worth it?
Competition vs. monopoly — which model better serves consumers?
Are food delivery companies like JD, Meituan, and Grab still worth investing in?
Leave your comments to win tiger coins~
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