Food delivery giant Meituan is expanding its logistics network to take more groceries to consumers, as the pandemic-induced shift to online shopping pushes China’s big tech companies to rapidly build out their delivery operations.
This autumn, Alibaba spent $3.6bn to take over a top supermarket operator, while Pinduoduo is raising as much as $6.1bn in new financing as it refocuses on selling produce online.
Meituan said on Monday it would increase its warehouse network and logistics capabilities as it expands to more than 1,000 cities and counties before the end of the year.
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