JD.com

With only 2% of Chinese getting rid of used smartphones, JD.com, Tencent, and Alibaba are all making investments in the second-hand market.

JD Health has grown into China’s largest online pharmacy by revenue and was valued at USD 7 billion as of September 2019.

The firm whose business includes facial recognition for pigs is expecting a USD 2.93 billion IPO.

The firm just received USD 20 million investment in a Series A+ round led by Source Code Capital.

The move is Meituan’s second foray into China’s RMB 5 trillion (USD 733 billion) fresh food retailing industry.

The startup, which currently operates in Eastern China only, wants a slice of the USD 733 billion fresh food retail market.

By 2025, the country’s e-commerce sector is projected to generate 41.3 million tonnes of plastic waste, but efforts are being made.

But average spending per user remained less competitive compared to Alibaba e-commerce and JD.com.