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Meituan, mainland China’s top on-demand delivery giant, said on Sunday that daily orders on its platform have surged to another all-time high – a sign that the company has managed to fend off competition from rivals like JD.com and Alibaba Group Holding.AdvertisementThe Beijing-based company said daily transactions had reached 150 million, just days after surpassing 120 million last week.The firm’s record daily orders for both food and retail goods delivery comes at a time when major Chinese e-commerce players are investing heavily to boost transaction volumes in the instant delivery market.Meituan founder and CEO Wang Xing told analysts in a...
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