E128: Behind $0 Bubble tea in china: China's quick commerce war explained

The quick commerce war happening in China right now has seen billions of dollars spent. There have been a record number of subsidies pumped into the war by the major players - over RMB20 billion and counting, and a record number of orders by consumers - 120M daily orders on a single platform. 

In this episode, Jianggan and Sabrina dive right into the centre of the battle of the giants - Taobao, JD.com, and Meituan. From billion-yuan subsidy pledges to PR wars, this quick commerce showdown is reshaping not just consumer habits, but also how these tech giants are positioning themselves for the future. 

Timestamps:

• 00:00:30 – Someone ordered 2,200 cups of bubble tea for free?
• 00:05:00 – What is happening in China right now and how did it start?
• 00:07:50 – Chinese government has something to say about all of this
• 00:10:45 – Meituan’s CEO says this subsidy war is pointless?!
• 00:15:30 – Who’s likely to win… and what happens next