“The US version is hungry” is coming soon, but it is not easy to take out in the United States.
Editor’s note: This article is from WeChat public account “Fuel Finance” (ID: rancaijing), Author | Su Qi, Edit | Wei Jia. The original title “American Takeaways”
Friends who often order takeaways in China may not think that it is too difficult to order food in the United States. It is difficult for them to sneak on the Internet.
Americans spit out the difficulties at the B station. Video screenshot
One is expensive. In the United States, it is not only necessary to pay for delivery and service fees, but also the price is enough to eat another meal. Second, it is a long waiting time. This is a country with a sparsely populated country in the United States. The delivery time for a takeaway is often one hour.
However, there are quite a few companies that do take-away business in the United States, including GrubHub, Uber Eats, DoorDash, and Postmates. Among them, GrubHub is the earliest listed company in the US takeaway industry, and Postmates is a unicorn in the takeaway industry. It is called “the US version is hungry.”
Recently, foreign media reported that Postmates will be launched in September this year. It has quietly submitted a listing application in February this year, with a latest valuation of $2.4 billion.
Just a few days ago, “big short” Jim Chanos said he was shorting GrubHub. He said that the takeaway company had no profit for almost every order. There is no profit in this industry. Immediately, GrubHub’s share price fell by 6%, more than half of the highest point.
One after another, the public is curious about the US takeaway market. Is the takeaway business a good business in the United States? What is the difference compared with China?
The gap between Chinese and American takeaway giants is wide disparity
Before you look at the data, it may be difficult to have an intuitive concept for the US takeaway market.
Let’s take a look at the recent biography.