Chinese e-commerce giant JD.com is investing heavily in its instant-delivery business, JD Takeaway, to offset weak retail sales. Results show growth in users, traffic, and revenue, but market share remains a challenge against competitors Meituan and Ele.me. Daily active users are declining, impacting JD.com’s profitability. Meituan dominates the market with 70% share, while Alibaba’s Taobao and Ele.me reach 80 million daily orders. The three companies have pledged billions to subsidize instant delivery, sparking a price war. JD.com CEO Xu vows to enhance the platform to compete.

Read more at Yahoo Finance: JD.com faces battle to gain ground in China’s instant delivery market