LINE

Text:AAAPrint
Economy

China's food delivery market grows 23 pct in 2017

1
2018-01-21 15:32Xinhua Editor: Mo Hong'e ECNS App Download

China's food delivery market registered fast growth last year as young Chinese are increasingly choosing to order food online, a report showed.

The online food delivery market hit 204.6 billion yuan (about 31.9 billion U.S. dollars) in 2017, 23 percent more than the previous year, according to a report by Meituan Waimai, a major food delivery firm.

Almost 300 million users have used online services to order food, the report showed.

Young people were among the most active users, according to Jiang Junxian, director of the China Cuisine Association (CCA).

According to Jiang, while the online food delivery market has seen rapid expansion, there is still room for businesses to grow as food delivery accounts for a relatively small portion of the total catering industry.

CCA data showed that the country's catering market flourished in 2017 with its overall revenue exceeding 3.96 trillion yuan, up 10.7 percent year on year.

According to Yang Wenjie from Meituan Waimai, one of the growth points for food delivery came from smaller cities, which have seen faster expansion in orders compared with major cities.

China's booming online catering market was also boosted the popularity of mobile payment. Around 60 percent of Chinese paid for food via smartphones, according to the CCA.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.