Felix sees SoFast and Meituan as not being in complete competition, but rather having some cooperation in the delivery layer. He mentioned a strategic cooperation with Meituan in the mainland to jointly provide on-demand delivery services to merchants. SoFast initially focused on non-food deliveries in Hong Kong, avoiding direct competition with Meituan in the food delivery sector.
What are Felix's views on competition and cooperation with Meituan?
Sources:
China's 'National Team' Intervenes to Stabilize Markets
Trump Says He Doesn't Intend to Drive Stocks Lower but 'Sometimes You Have to Take Medicine'
OpenAI Considers Acquiring AI Hardware Startup Co-founded by Jony Ive and Sam Altman
Trump’s Tariffs to Cost Britain £22bn, Economists Warn
Nike and Lululemon Shares Surge After Trump Touts Vietnam Tariff Discussions
Apple Won't Shift iPhone Production to U.S. Amid New Tariff Policies, May Push Suppliers for Price Cuts
U.S. Fed Chair Jerome Powell Signals Caution Amid Economic Uncertainty
China Assures U.S. Companies It Will Safeguard Their Rights
Amazon Could Lose Up to $10 Billion in Profits Due to Trump's Tariffs
Walmart Urges Chinese Suppliers to Cut Prices Amid New Tariffs