China's local lifestyle service market grew by 37.5% to US$232.81bn in 2018. The online food delivery market reached US$20.78 billion market in the fourth quarter of 2018, an increase of 108% year-on-year.
The local lifestyle service market totaled 1,575.57 billion yuan (US$232.81 bn) in 2018, up by 37.5% year-on-year. It was forecasted to getting as far as 3,685.7 billion yuan (US$544.60bn) by 2024.
China's online food delivery grew to be a 140.6 billion yuan (US$20.78 bn) market in the fourth quarter of 2018, an increase of 10.2% quarter-on-quarter or 108% year-on-year.
The white-collar still to be the biggest segment with transactions reaching 121.26 billion yuan (US$17.92bn), accounting for 86.3% of the total. Segments of families and students combined accounted for around 13% of the total transactions.
The competition among leading online food delivery players is no longer just about the food delivery itself but also extending to a bigger ecosystem. Fur...
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