Summary of With Baidu Waimai Fundrasing Again, Will The War of the O2O Food Delivery Platforms Rage On?

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With Baidu Waimai Fundrasing Again, Will The War of the O2O Food Delivery Platforms Rage On? summary
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In China today, people are used to getting a variety of food products and services delivered right to their door. The three main contenders racing to “get the food to the door fastest without spilling” are Ele.me, Meituan Waimai and Baidu Waimai. Competition is fierce in the online-to-offline (O2O) food delivery market. These three companies have already eliminated a handful of smaller competitors. Liu Sha, editor of tech media platform Ifanr, forecasts how the war for market share might play out. getAbstract recommends this article to venture capitalists, entrepreneurs and analysts.

In this summary, you will learn

  • Which players compete for market share in China’s online-to-offline (O2O) food delivery market,
  • Why the current state of the market is unstable and
  • How the market may look in the future.
 

About the Author

Liu Sha is an editor of Ifanr, an online media platform that provides news and analysis of technological innovations, services and trends.

 

Summary

In 2015, China’s online-to-offline (O2O) food delivery market reached a value of ¥44.2 billion ($6.5 billion dollars). Estimates show that the market will grow to ¥150 billion by 2018. Currently, three major players – Ele.me, Meituan Waimai and Baidu Waimai – hold 37.5%, 30.5% and 15% of the market share, respectively.

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