Food Delivery Wars Cool Down: Secondhand E-Bikes Flood Xianyu, Official Intervention Aims to Rescue Riders

Tobias • • Markets • 12 views

The end of subsidized food delivery services has led to a surplus of used electric scooters appearing on Chinese online marketplaces like Xianyu. This oversupply is a direct result of platforms reducing subsidies that previously incentivized delivery drivers to purchase the vehicles. The proliferation of used scooters indicates a significant shift in the economics of the food delivery sector.

CNBC AI News, July 30th – As the dust settles from the food delivery wars, a consequence of the slashed subsidies offered by platforms is playing out on the secondary market: a glut of used electric scooters has hit online marketplaces like Xianyu.

The shift

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Tobias

Tobias

Tobias focuses on large corporations' stocks and the evolving IT tech internet sectors. A pro in financial analysis and tech reporting, he's recognized for real - time coverage of major stock events. Tobias has a sharp eye for industry trends, offering in - depth analysis on tech impacts. Regularly contributing to top media, he's a trusted source for industry news.
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