News

On September 16th, JD.com held a "JD Tasting Event" in collaboration with Kweichow Moutai. Liu Qiangdong, the founder of JD Group, mentioned at the event that he has always been very concerned about the catering industry because he particularly enjoys cooking. He pointed out that he had previously discovered that delivery platforms in the takeout market charge as much as 25%. "Because my first startup was a restaurant, I know very well that most of the people in the catering industry are small family-run businesses. A couple has saved for over twenty years, accumulating 500,000 yuan to rent a storefront, renovate, and start a catering business. In fact, there are hardly any catering businesses in the country that can achieve a net profit margin of 25%." Liu Qiangdong stated that the profit in the catering industry cannot reach 25%, but the platform takes 25%, which results in a lack of food safety guarantees, the emergence of ghost restaurants, and catering practitioners being forced to lower food quality in order to pay such fees to the platform while still making a profit. (Sina Technology)