Pricing Power
-
Siblings Founder Calls on Delivery Platforms to Return Pricing Power to Merchants, Using Multiple “Crazy” Remarks
China’s food delivery price war is harming restaurants, as reported by CNBC AI News. Xibei’s founder, Jia Guolong, reveals concerns about unauthorized discounts and eroded pricing power. He argues that platforms’ unsustainable tactics damage the restaurant ecosystem, generating waste and squeezing profits. Jia pleads for pricing autonomy amidst regulatory intervention from SAMR urging rational competition. Despite this, reports indicate promotions continue, leaving restaurants struggling for survival.
