After 5 months of wrangling in China, JD.com and Meituan are battling for the Middle East food delivery market. On June 18, JD.com (2024 revenue: $158.8 billion, up by 6.8%) launched same-day or next-day delivery with cash-on-delivery payment in Saudi Arabia. With JoyExpress, JD is now competing with Meituan (2024 revenue: US$46.8 billion, up by 22% in a year), which also launched Keeta food delivery in Saudi Arabia in September 2024 (investment of US$267 million). Already active in 9 Saudi...
In Saudi Arabia, Chinese platforms JD.com and Meituan are battling in the delivery market
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