Why can the employment of riders and drivers only rely on Meituan and Didi? That's too one-sided. After the food delivery war, many people now prefer Taobao for food delivery, and JD.com is also an option for food delivery. There are even more choices for ride-hailing. Does this have anything to do with the performance of JD.com and Didi? Additionally, JD.com's e-commerce GMV has been surpassed by ByteDance, dropping from the second place to third and now fourth in the industry. JD.com's performance continues to shrink, and it's uncertain whether JD.com will still be at the table in the future.$PDD(PDD.US)$JD.com(JD.US)
$Meituan(MPNGY.US)$JD.com(JD.US)$PDD(PDD.US)
The positioning of Meituan and Didi has changed significantly in the past few years, mainly due to employment issues, which no one can change.
Referring to the recent Meituan rider promotional video released by CCTV, I'm not delivering food, but enjoying the scenery along the way... Meituan was severely criticized, but this promotional video does not reflect Meituan's intention—just like encouraging young people to return to their hometowns to help with agriculture in previous years, it does not reflect the will of rural grassroots.
JD.com's approach is what the upper echelons expect: platforms should create more jobs, increase social security contributions and taxes, and keep in mind the goal of common prosperity, so shareholders have to suffer a bit more.
Therefore, in the medium term, Meituan and Didi's domestic businesses are unlikely to see a turnaround, because in the current situation, making too much profit is a problem.
On the other hand, it won't be too bad either, as the issue of rider and driver employment can only be left to the platforms for now.
In contrast, PDD's model and negative externalities imply much greater risks.
The recent conflict is just a phase warning.
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