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Europes quick-commerce startups are overhyped: Lessons from China

August 26, 2021
Source: baillytech.com baillytech.com
News Snapshot:
Europes quick-commerce startups are overhyped: Lessons from China More than 10 companies currently compete across Europe with an instant grocery delivery business model. Half of them were established in 2020, the year of the pandemic. These companies have raised more than $2 billion to date. Existing and well-funded online food-delivery service players like Delivery Hero are also joining the race by launching dedicated grocery offerings. However, if lessons from the world’s largest online grocery market, China ($400 billion), matter, then it’s clear that instant delivery is not the magic bullet to crack the dominance of Europe’s incumbent supermarket chains in...
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Tags: America | B2C | China | convenience store | Covid-19 | Economy | Europe | European | France | Germany | Internet | Latin America | mobile | News Media | online shopping | Pandemic | Pinduoduo | retail | revenue | supermarket | technology | Turkey | United States | USA | venture capital

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