# ![@the_zack_zhu Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1226924833260240897.png) @the_zack_zhu Zack Zhu

Zack Zhu posts on X about $se, $baba, china, meituan the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1226924833260240897/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1226924833260240897/c:line/m:interactions.svg)

- [--] Week [------] -5.90%
- [--] Month [-------] -43%
- [--] Months [---------] +1,761%
- [--] Year [---------] +30,243%

### Mentions: [--] [#](/creator/twitter::1226924833260240897/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1226924833260240897/c:line/m:posts_active.svg)

- [--] Week [--] -34%
- [--] Month [---] -4.10%
- [--] Months [---] +632%
- [--] Year [-----] +6,780%

### Followers: [-----] [#](/creator/twitter::1226924833260240897/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1226924833260240897/c:line/m:followers.svg)

- [--] Week [-----] +2.50%
- [--] Month [-----] +11%
- [--] Months [-----] +1,353%
- [--] Year [-----] +12,431%

### CreatorRank: [---------] [#](/creator/twitter::1226924833260240897/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1226924833260240897/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  68% [technology brands](/list/technology-brands)  45% [countries](/list/countries)  34% [finance](/list/finance)  17% [social networks](/list/social-networks)  13% [travel destinations](/list/travel-destinations)  2% [currencies](/list/currencies)  1%

**Social topic influence**
[$se](/topic/$se) #7, [$baba](/topic/$baba) #46, [china](/topic/china) 22%, [meituan](/topic/meituan) #6, [baba](/topic/baba) #2511, [in the](/topic/in-the) 15%, [business](/topic/business) 15%, [$jd](/topic/$jd) #19, [$meli](/topic/$meli) #85, [food](/topic/food) 13%

**Top accounts mentioned or mentioned by**
[@knightcharo](/creator/undefined) [@gabgrowth](/creator/undefined) [@topieero](/creator/undefined) [@valleyfallsri](/creator/undefined) [@arthuronhl](/creator/undefined) [@returnsjourney](/creator/undefined) [@e_commerce_king](/creator/undefined) [@speedwellllc](/creator/undefined) [@thezackzhu](/creator/undefined) [@therealyurim](/creator/undefined) [@ecommerceking](/creator/undefined) [@pandawatch88](/creator/undefined) [@pandadaytona](/creator/undefined) [@elevate881](/creator/undefined) [@w23ed7](/creator/undefined) [@jackanships](/creator/undefined) [@mattwat16001736](/creator/undefined) [@1aminvesting](/creator/undefined) [@metastate78](/creator/undefined) [@justinvesttoday](/creator/undefined)

**Top assets mentioned**
[Sea Limited (SE)](/topic/$se) [Alibaba Group (BABA)](/topic/$baba) [MercadoLibre Inc (MELI)](/topic/$meli) [Coupang, Inc.  (CPNG)](/topic/$cpng) [Grab Holdings Limited Class A Ordinary Shares (GRAB)](/topic/$grab) [Amazon.com, Inc. (AMZN)](/topic/$amzn) [Dash (DASH)](/topic/$dash) [Hims & Hers Health, Inc. (HIMS)](/topic/$hims) [Uber Technologies, Inc. (UBER)](/topic/$uber) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [DoorDash Inc. (DASH)](/topic/doordash) [Netflix Inc (NFLX)](/topic/$nflx) [Toast, Inc. (TOST)](/topic/$tost) [Starbucks Corporation (SBUX)](/topic/$sbux) [Chagee Holdings Ltd. (CHA)](/topic/$cha) [Booking Holdings Inc (BKNG)](/topic/$bkng) [Atour Lifestyle Holdings Limited (ATAT)](/topic/$atat) [Airbnb, Inc. (ABNB)](/topic/$abnb)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Speedwell @Speedwell_LLC Just release an excellent Coupang $CPNG intro video. Coupang is one of the best B2C eCommerce business in the world recommend everyone that are interested in eCommerce listen to it. - I don't 100% agree with @DrewCohenMoney's perspective on Coupang. I believe the B2C platform has a soft spot when it comes to cost to serve which limits its natural penetration. One of the less talked-about points of Coupang is its integrated major home appliance delivery + installation experience. Coupang isn't only fast. Its Rocket Installation also provides the capability to deliver"  
[X Link](https://x.com/the_zack_zhu/status/2019685159285805280)  2026-02-06T08:10Z [----] followers, [----] engagements


"I'm curious J&T Express only grow it's parcel volumes in about 68% in Southeast Asia. $SE Shopee probably withdraw a decent amount of parcel put through the years of withdrawal the base was already not large. So where do rest of the parcel went Other 3PLs Is TikTok Shop secretly backing another logistics operator JUST IN: TikTok Shop GMV doubled to $45.6B in [----] For context $SE Shopee GMV in [----] is estimated to be about $125-130B. https://t.co/tdfDYXdqDS JUST IN: TikTok Shop GMV doubled to $45.6B in [----] For context $SE Shopee GMV in [----] is estimated to be about $125-130B."  
[X Link](https://x.com/the_zack_zhu/status/2021462582603976952)  2026-02-11T05:53Z [----] followers, [----] engagements


"Grab actually lack quite a lot of things Meituan every vertical standalone wise are all really competitive. For instance their movie ticketing business is also a listed company. It's POS market share is more dominant than TOAST in U.S. There are so many verticals that Meituan are no1 in China. OTA business wise they are also number [--]. Even when it comes to food delivery. It's maybe about 5% of the size of Meituan. $GRAB depth on food delivery / quick commerce initiatives is also rather shallow compare to Meituan operation. $GRAB food delivery still operates in a pretty primitive way more to"  
[X Link](https://x.com/the_zack_zhu/status/2022194345324294216)  2026-02-13T06:21Z [----] followers, [---] engagements


"@knightcharo Oh Meituan have divest most of their share in movie ticketing"  
[X Link](https://x.com/the_zack_zhu/status/2022195037875151342)  2026-02-13T06:24Z [----] followers, [---] engagements


"In eCommerce fast delivery is nice but it's super overrated and over empathize. $SE $BABA $CPNG $MELI $JD $PDD $AMZN - There are five vectors of eCommerce competition but most investors fixate on two: speed of delivery and quality of goods and services. I think it's largely because many people still benchmark great eCommerce against Amazon and those are two areas where Amazon are good at. But please remember Amazon was founded [--] years ago. Amazon FBA services and PRIME strategies were launched before [----]. At that time there were no smartphones and China had not yet surpassed the U.S. as the"  
[X Link](https://x.com/the_zack_zhu/status/2012131984240451618)  2026-01-16T11:57Z [----] followers, [----] engagements


"Shopee Brazil $SE has spent the last three years aggressively expanding its fulfillment capacity and it now appears to have a larger fulfillment footprint than Amazon Brazil $AMZN. With Brazil now a top priority for Amazon Amazon has lowered its shipping threshold to better match MercadoLibre $MELI. [----] could turn into a fierce logistics and pricing fight. - TikTok Shop Brazil was launched in May [----] with reports suggesting it had already generated roughly 500M in GMV in [----]. [----] is going to be wild. https://twitter.com/i/web/status/2016004339270291825"  
[X Link](https://x.com/the_zack_zhu/status/2016004339270291825)  2026-01-27T04:24Z [----] followers, 10.7K engagements


"I think $BABA and Meituan $MPNGF commerce war won't stop anytime soon. And most importantly I don't think government is trying to limiting their competition. Government actually love competition but they don't like the platforms leveraging the traffic to force merchants to join the competition. My take on $TCOM: the issue isnt just Trip. coms market share its the use of that power to push exclusivity. In some regions merchants may be pressured to use $TCOM as a sole channel which restricts competitors supply. Weve seen similar behavior before. $BABA and My take on $TCOM: the issue isnt just"  
[X Link](https://x.com/the_zack_zhu/status/2019689555167965491)  2026-02-06T08:28Z [----] followers, 10.6K engagements


"Buying from Amazon is always pain in the ass. This is exactly why $PDD TEMU grow like weed in rest of the world. Buying in $SE or other Chinese e-commerce platform. I never once worry about returning things its free 90% of the time and even when it cost money it wont cost much. Amazon is super expensive and service level is very bad. The only good thing is decently fast. Thats literally the only decent thing. I do have prime membership the only reason Amazon needs membership is that its too hard to use without membership in Chinese platforms membership is something good to have. Prime is an"  
[X Link](https://x.com/the_zack_zhu/status/2019789585774186815)  2026-02-06T15:05Z [----] followers, [----] engagements


"I think $SE low valuation is one of the symptoms of eBays failure in U.S. Most U.S. investors still think Amazon as the golden standard of e-commerce thats the reason $CPNG and $MELI is a lot more appreciated in general. I think its just because its a business thats a lot easier to understand from day to day life. They are good business but I will argue $SE is an even better business. Buying from Amazon is always pain in the ass. This is exactly why $PDD TEMU grow like weed in rest of the world. Buying in $SE or other Chinese e-commerce platform. I never once worry about returning things its"  
[X Link](https://x.com/the_zack_zhu/status/2019793324287426662)  2026-02-06T15:20Z [----] followers, [----] engagements


"According to Chinese media reports in an internal talk $BABA management team told employees not to worry about food delivery loss in the next three years and investment in [----] is going to surpass [----]. Alibaba has estimate to spent 70B yuan (US$10B) in [----]. Now $BABA has about 40% of the food delivery market whereas $JD has about 5%. While Meituan is still the leader in the space $BABA food delivery GMV market share has surpass Meituan in some cities. $BABA is still lagging in a lot in the non-food areas the supply chain is still nascent compared to Meituan $MPNGF. This will be $BABA 2026"  
[X Link](https://x.com/the_zack_zhu/status/2021835127329055203)  2026-02-12T06:33Z [----] followers, 11.7K engagements


"To imagine how crazy Meituan is Meituan POS business are more dominate than $TOST in U.S. and its POS also coverage into a lot of other verticals. Unfortunately for Meituan they cant make too much money because of competition. $TOST has 20% of market share in the U.S. Feel like that should be closer to 30% long term. $TOST has 20% of market share in the U.S. Feel like that should be closer to 30% long term"  
[X Link](https://x.com/the_zack_zhu/status/2022157331677724810)  2026-02-13T03:54Z [----] followers, [----] engagements


"It's really not fun at all Meituan used to fight the companies similiar to it's size. Now it's fighting two companies much larger then itself at the same time. ( Taobao & Douyin) Plus the only rather easy international market still in early stage can't really move a needle. ( Alibaba used to only used ele. me to fight now is using Taobao.) https://twitter.com/i/web/status/2022573796603928615 https://twitter.com/i/web/status/2022573796603928615"  
[X Link](https://x.com/the_zack_zhu/status/2022573796603928615)  2026-02-14T07:29Z [----] followers, [---] engagements


"The Meituan $MPNGY delivery business is extremely profitable. Unlike $DASH $UBER is still rather early in their monetization curve. Meituan business has already have a 20% operating margin and still growing. If $BABA have not restarted the war. It's will be a business with monopoly profits. In past three years while $BABA is not profitable Meituan unit economics are - 2022: [----] (yuan per order) - 2023: [---] - 2024: [---] It's a really good business The [----] yuan figure already amortized all the operating expense. With more than 70M orders a day it's a 100M yuan per day or 36.5B yuan (5B USD)"  
[X Link](https://x.com/the_zack_zhu/status/1995347240538316847)  2025-12-01T04:20Z [----] followers, [----] engagements


"I personally think $CHA Chagee is an underrated competitor of Starbucks $SBUX in China. I like the their tables and workplaces if there are no tables. I would basically just go to a nearby Starbucks to do research. Even if it's the same price I will still choose $CHA simply because the tables & lights is much suitable to work. It's the new "third-place". - A side note I personally think Starbucks $SBUX in U.S. is really like Luckin Coffee in China. The value proposition is very similar. But one is born in the internet era and one is not. I believe Luckin Coffee will have a relatively hard"  
[X Link](https://x.com/the_zack_zhu/status/1996525860023611594)  2025-12-04T10:23Z [----] followers, [----] engagements


"A simple way to decide whether $UBER are cooked or not: - If you believe [--] years later there will only be two or three companies in U.S. got the ability of providing self driving cars then you should believe $UBER ride hailing business is cooked. If you believe there will be at least [--] players providing the same service and also every new EV cars will got the self driving capability. Than $UBER will be more profitable than ever. Its that simple. AVs are going to eat $UBER lunch. Ubers edge depends on scarce supply because drivers and riders are fragmented. Autonomous vehicles will eliminate"  
[X Link](https://x.com/the_zack_zhu/status/2002340465858003221)  2025-12-20T11:29Z [----] followers, 102.1K engagements


"WTF [--] days ago $JD logistics in Paris loses [--] Millions EUROS worth of electronics because of thief. They stolen 50000+ electrics. This is the localization challenge Chinese companies need to face 🤣🤣🤣🤣🤣🤣"  
[X Link](https://x.com/the_zack_zhu/status/2003640532963303460)  2025-12-24T01:35Z [----] followers, [----] engagements


"Hotel chains now make up 40%+ of Chinas room supply. COVID accelerated this shift by pushing many independent hotels out of the market. Going forward Ill be writing more about Chinas OTA $TCOM $BABA $MPNGY and hotel landscape (incl. $ATAT) . Its a fascinating market and it works quite differently from OTAs outside China ( $BKNG $ABNB). There are also a decent amount of innovations and localization. (Graph is translate by Gemini) https://twitter.com/i/web/status/2003767622903476608 https://twitter.com/i/web/status/2003767622903476608"  
[X Link](https://x.com/the_zack_zhu/status/2003767622903476608)  2025-12-24T10:00Z [----] followers, [----] engagements


"There is an interview from $SE Brazil management talking about the GMV size. In [----] Shopee Brazil grow more than 100% surpass 60B In local currency. You could check ChatGPT or Gemini about the info of the interview. From Shopee Brazil has more users than $MELI Brazil two years or three years ago + its has grown active buyers 40% last year +30% this year. Its growing in an outrageous speed. https://twitter.com/i/web/status/2005485149254025448 https://twitter.com/i/web/status/2005485149254025448"  
[X Link](https://x.com/the_zack_zhu/status/2005485149254025448)  2025-12-29T03:44Z [----] followers, [---] engagements


"What parts of the eCommerce world interest you the most $BABA $SE $MELI $JD Feel free to drop a comment if there's a topic or question you'd like me to cover China Southeast Asia LATAM China Southeast Asia LATAM"  
[X Link](https://x.com/the_zack_zhu/status/2007769564323656047)  2026-01-04T11:02Z [----] followers, [----] engagements


"My take on $TCOM: the issue isnt just Trip. coms market share its the use of that power to push exclusivity. In some regions merchants may be pressured to use $TCOM as a sole channel which restricts competitors supply. Weve seen similar behavior before. $BABA and Meituan $MPNGF used pick one of two practices until regulators stepped in around [----]. After that the platforms became more open and merchants could choose freely. Meituan still maintained its share without too big of the consequence. Thats why I think regulators are focused on protecting small merchants and strengthening competition"  
[X Link](https://x.com/the_zack_zhu/status/2011761720965153250)  2026-01-15T11:25Z [----] followers, 10.5K engagements


"Dont get me wrong speed and quality matters a lot. Amazon $MELI $JD $CPNG succeed for a reason. But the thing I want to emphasize is its not the only two things that matters. Its definitely not the only formula. The most important thing is that there are other factors that are equally important or arguably being even more important to most of the population. Thats also why $SE $BABA $PDD also got enormous success. - Speed and product quality (not service quality) happens to be one of the rather easy things to solve in e-commerce thats why its has been solved first. Since its rather easy to"  
[X Link](https://x.com/the_zack_zhu/status/2012237886876459153)  2026-01-16T18:57Z [----] followers, [----] engagements


"I personally think the cross-selling opportunity for quick commerce is a bit over exaggerated for eCommerce platforms. $BABA $CPNG $SE $GRAB The quick commerce market ( included food + goods) is something like 10% of the e-commerce market. I personally think the transformation from food delivery platforms to quick commerce will give meaningful boost to platforms like $GRAB. But for platforms like $SE $BABA $JD its more like a defense than an attack. - People already use e-commerce platforms a lot China the average high tier city buyers probably do [---] orders per year. O2O platforms are indeed"  
[X Link](https://x.com/the_zack_zhu/status/2012481202020856076)  2026-01-17T11:04Z [----] followers, [----] engagements


"This tweets contain my thoughts about the regulations risk of $TCOM $BABA $PDD & Meituan $MPNGF. The way of CCP do things is really different My take on $TCOM: the issue isnt just Trip. coms market share its the use of that power to push exclusivity. In some regions merchants may be pressured to use $TCOM as a sole channel which restricts competitors supply. Weve seen similar behavior before. $BABA and My take on $TCOM: the issue isnt just Trip. coms market share its the use of that power to push exclusivity. In some regions merchants may be pressured to use $TCOM as a sole channel which"  
[X Link](https://x.com/the_zack_zhu/status/2012529298377499021)  2026-01-17T14:15Z [----] followers, [----] engagements


"Its no surprise that $PDDs situation with regulators got worse. $PDD is one of the two players that have been impacted the most by the January [----] eCommerce regulations. The new regulations draw clearer responsibilities for platforms and impose more restrictions on algorithms. $JD and $BABA have done a much better job or have traditionally focused less on this area. Among traditional eCommerce companies $PDD treats its sellers the worst and has the most opaque platform rules. One of the reasons why $PDD is so adored by customers is that it often unconditionally stands by the consumer when"  
[X Link](https://x.com/the_zack_zhu/status/2013471872269328489)  2026-01-20T04:41Z [----] followers, 11.8K engagements


"I think the only serious issue with Coupangs $CPNG valuation right now is Korea's e-commerce ceiling is just too low. And its overseas market Taiwan is so much smaller and more competitive than SK. Former director at $CPNG on Coupang's Taiwan bet: "If they can mimic the same success they did in Korea which I think they will they will probably generate about the same amount of revenue from Korea probably more because we already have all those developed." https://t.co/6D8rOItJ4b Former director at $CPNG on Coupang's Taiwan bet: "If they can mimic the same success they did in Korea which I think"  
[X Link](https://x.com/the_zack_zhu/status/2014225741924434153)  2026-01-22T06:36Z [----] followers, [----] engagements


"Taiwan and Japan are a $CPNG natural extension. Here is some high-level differences between the two countries. Japan + Japan is a much bigger economy with higher income per capita. + Japan has no mobile-first eCommerce player. - Amazon & Coupang's market proposition is the same. - The physical economy is much stronger than in SK. - The country needs a much bigger budget than SK to conquer. Taiwan +Taiwan doesnt have large-scale modern B2C players focused on non-electronics stuff. + Taiwan needs much less capital to conquer. - Taiwan is a much smaller economy with lower income per capita. -"  
[X Link](https://x.com/the_zack_zhu/status/2014232296216543428)  2026-01-22T07:02Z [----] followers, [----] engagements


"Im working on a long-form piece on Chinas quick-commerce space and out of curiosity I pasted my intro on Alibaba $BABA and Meituan $MPNGF into Gemini. The output was ridiculously good. I think $GOOG is going to reshape blogging. Writers will be able to visualize and structure ideas instantly and the TAM for blog content could get a whole lot bigger. https://twitter.com/i/web/status/2015402609298047391 https://twitter.com/i/web/status/2015402609298047391"  
[X Link](https://x.com/the_zack_zhu/status/2015402609298047391)  2026-01-25T12:33Z [----] followers, [----] engagements


"This is the longest English article Ive written so far. Chinas quick commerce war is interesting and the tactics $BABA and $MPNGY are using to drive order volume to roughly [--] $DASH are fascinating. I think itll be a strong reference for quick commerce battles outside China especially for players like $SE and $GRAB. Momentum Works is releasing their [----] food delivery report next week. And on that note @the_zack_zhu and I will be releasing a quick commerce deep dive covering China and Southeast Asia's players including: $MPNGY $BABA $SE $GRAB ByteDance etc. Momentum Works is releasing their"  
[X Link](https://x.com/the_zack_zhu/status/2015419005398597690)  2026-01-25T13:38Z [----] followers, [----] engagements


"E-commerce logistics typically fall into four models. Different platform types tend to align with different logistics models. $BABA $JD $SE $MELI $PDD $GRAB Delivery volumes are benchmarked against Chinas parcel-delivery volume. Logistics costs and service levels vary significantly across C2C shipping providers and daily delivery capacity can differ widely as well. For example: - S.F. Express: about [---] packages/day - $JD Logistics: about [---] packages/day - J&T Express: about [---] packages/day https://twitter.com/i/web/status/2015741512953250279"  
[X Link](https://x.com/the_zack_zhu/status/2015741512953250279)  2026-01-26T11:00Z [----] followers, [----] engagements


"China currently has five major e-commerce platforms with GMV exceeding one trillion yuan. Among them three are still gaining market share: Douyin $PDD and Kuaishou. Looking ahead to [----] WeChat $TCEHY will probably become the sixth platform to cross that line"  
[X Link](https://x.com/the_zack_zhu/status/2015805685712429193)  2026-01-26T15:15Z [----] followers, [----] engagements


"$PDD is the only e-commerce company in China that only focus on e-commerce. $PDD doesnt even involve in lending. Its wild for a company to stay this focus given its size. @09_116xi55 Its dominated by $BABA and Tecents WeChat pay. $PDD is a rather small player. @09_116xi55 Its dominated by $BABA and Tecents WeChat pay. $PDD is a rather small player"  
[X Link](https://x.com/the_zack_zhu/status/2015822839098790209)  2026-01-26T16:23Z [----] followers, [----] engagements


"Note: $SE Shopee Brazil is estimate to have 20% more orders than $MELI Brazil in [----]. But since MELI AOV is much higher than Shopee MELI still have a decent lead in GMV size. Reports also suggest that Shopee Brazil sustain a near 2x MELI growth rate in 2025"  
[X Link](https://x.com/the_zack_zhu/status/2016005978651795615)  2026-01-27T04:30Z [----] followers, [----] engagements


"Tencent is one of the best investor in the world. The WeChat ecosystem is basically the big data dash broad of China. The interesting thing is that Tencent never massively decrease its $PDD shares. $SE is another Tencents best investments. $JD started the war $MPNGY got hurt the most $BABA betted on the right horse. https://t.co/2vJeWFl6sj $JD started the war $MPNGY got hurt the most $BABA betted on the right horse. https://t.co/2vJeWFl6sj"  
[X Link](https://x.com/the_zack_zhu/status/2016083341146259622)  2026-01-27T09:38Z [----] followers, [----] engagements


"Im going to experiment with Q&A formats for my long-term readers so feel free to send me a question. The $PDD/TEMU questions below are send through Substack. - [--]. Do you believe that Temu can reduce its CAC over time as Temu becomes a "household" brand Yes $SE $BABA $PDD itself have all been through the process. Temus main advantage today is price but its still weak on assortment depth delivery speed and service levels. Improving those factors will take time but as the platform matures acquisition should become more efficient (CAC down) while customer value rises (LTV up). [--]. Do you think the"  
[X Link](https://x.com/the_zack_zhu/status/2016162050414936435)  2026-01-27T14:51Z [----] followers, [----] engagements


"@q_pitcairn Interesting I didn't know that Tencent hold it using equity method I thought it's something through FVOCI"  
[X Link](https://x.com/the_zack_zhu/status/2016345387012092064)  2026-01-28T02:59Z [----] followers, [--] engagements


"Momentum Works [----] food-delivery reports are out In [----] $GRAB continues to dominate the market with $SE ShopeeFood climbing the ladder. $SE is officially the No. [--] in the market. I think $GRAB perform really well in [----] continuing to gain market share. That said $GRAB still faces growth headwinds across Shopees core operating markets. In [----] Foodpanda pulled out of Thailand while new players entered Vietnam. Thailand and Indonesia remain the two most fiercely competitive food-delivery markets. This is the market share landscape over the past two years. Looking forward $SE and $GRAB will"  
[X Link](https://x.com/the_zack_zhu/status/2016371464333885934)  2026-01-28T04:43Z [----] followers, 15.2K engagements


"@therealYuriM I think $SE dont really needs it $Se Is OpenAI 2C business distributor. but what AWS wants is to let OpenAI uses more of its cloud infra. For the e-commerce business I dont think ChatGPT has other choices. TikTok do get their own ChatGPT competitor"  
[X Link](https://x.com/the_zack_zhu/status/2017137709593383114)  2026-01-30T07:28Z [----] followers, [---] engagements


"The Cost of GPU are finally starting to creep into the income statement. The cost will be even more interesting in the coming years. - $Meta is clearly the one direct beneficiaries of LLM simply because LLM would drastically improve the quality of the algorithm and give them more TAM by capturing the part of the search market. $META Q4 earnings are out - Revenue up 24% y/y - EPS up 11% y/y - costs up 40% y/y https://t.co/YxLF7OoKHX $META Q4 earnings are out - Revenue up 24% y/y - EPS up 11% y/y - costs up 40% y/y https://t.co/YxLF7OoKHX"  
[X Link](https://x.com/the_zack_zhu/status/2017160549298311210)  2026-01-30T08:58Z [----] followers, [----] engagements


"In China over 30% of the quick commerce orders are from beverages and the order volume is about 20x of Southeast Asia $SE $GRAB despite only 2x the population. - The interesting thing in this graph is to show how Taobao $BABA and Meituan $MPNGY normalize loss leaders in it's platform strategy. China's quick commerce platform average pay for riders is a bit more than [--] yuan per order platform's gross take rate about 25%. It's translate to platform needs an [--] yuan Order Value for the platform to be profitable. The Unit economics doesn't makes sense in the beverage delivery market at all. -"  
[X Link](https://x.com/the_zack_zhu/status/2017486010998001944)  2026-01-31T06:32Z [----] followers, [----] engagements


"The graph in the post is from Momentum Works: Food Delivery Platforms in Southeast Asia [---]. It is a paid report. I have obtained permission from @jianggan to share this graph. You can find out the report here. https://momentum.asia/insights/detail/food-delivery-platforms-in-southeast-asia-6 https://momentum.asia/insights/detail/food-delivery-platforms-in-southeast-asia-6"  
[X Link](https://x.com/the_zack_zhu/status/2017488048418918756)  2026-01-31T06:40Z [----] followers, [---] engagements


"Ita BBA estimated that $SE Monee loan book has expanded 320% year-over-year reaching $700M (vs. $MELI s $4 billion). (Ita BBA is Latin Americas largest corporate and investment bank.)"  
[X Link](https://x.com/the_zack_zhu/status/2017566050888683645)  2026-01-31T11:50Z [----] followers, [----] engagements


"ByteDance (a.k.a. App Factory) now owns five applications with more than [---] DAU in China alone: - Douyin (TikTok sister app) - Toutiao (news & information) - Fanqie Novel (novel platform) - Hongguo Short Drama - Doubao (AI assistant) - Are you guys interested in ByteDance There are a lot of interesting point on this company. https://twitter.com/i/web/status/2017635084132872677 https://twitter.com/i/web/status/2017635084132872677"  
[X Link](https://x.com/the_zack_zhu/status/2017635084132872677)  2026-01-31T16:24Z [----] followers, [----] engagements


"In [----] the 8th year of ByteBance it's 30B revenue is 8x of Google 6x of Facebook and 70x of Baidu in the same period. This growth is crazy. For now I think only Anthropic have the chance of surpass this record"  
[X Link](https://x.com/the_zack_zhu/status/2017808171440738457)  2026-02-01T03:52Z [----] followers, [----] engagements


"The problem of SaaS companies nowadays is that they treat their income statement like they are OEM companies in China with something like 5% operating margin if exclude SBC. 40% operating margin should be the absolutely standard of any SaaS business. That's why they got so high of a valuation in the first place. The SaaS Profit Story Everyone Believes There is a very common story investors tell themselves about SaaS companies. First they grow fast then they scale and then at some point in the future they flip a switch and profits show up all at once. The early losses were intentional"  
[X Link](https://x.com/the_zack_zhu/status/2017812415338188932)  2026-02-01T04:09Z [----] followers, [----] engagements


"SaaS didnt live up to expectations that's the real reason valuations dropped so hard. - SaaS companies are often evaluated based on P/S ratios. Its a very very generous way to value the business. It makes sense because of the zero marginal cost nature of the underlying software business. Few hardware or services-oriented companies could get this kind of valuation privilege. This is because people believe that if small software companies can achieve 40% or 60%+ operating margins big SaaS companies with enormous scale can achieve an even better number. - A 40%+ operating margin is something"  
[X Link](https://x.com/the_zack_zhu/status/2017844443844583574)  2026-02-01T06:16Z [----] followers, [----] engagements


"$PDD $BABA and all the eCommerce marketplace business actually all have Software types margins since they are actually software enable companies. Their EBITDA margins is over 60% https://x.com/the_zack_zhu/status/1992518785815740898s=20 Oh I forget to add since eCommerce marketplaces are "softwares" they do got software types of gross margin which is 90%+. The take rate exclude payments and logistics that are low margin. The EBITDA margins can be easily over 50% when entering a mature stage. - $BABA Taobao https://x.com/the_zack_zhu/status/1992518785815740898s=20 Oh I forget to add since"  
[X Link](https://x.com/the_zack_zhu/status/2017847107223490659)  2026-02-01T06:26Z [----] followers, [----] engagements


"My readers know that I praise $JD a lot less compared to other eCommerce firms. But $JD is also an equally impressive eCommerce company. It just operates in a very different model while $BABA focuses on managing traffic distribution and the management of sellers and brands. $JD focuses more on efficiency in the selling process. It's probably the most efficient eCommerce company in China. But how good are $JD eCommerce capabilities $JDs inventory turnover rate is similar to Costco and significantly better than Walmart and Amazon. $JD achieves Costco-level inventory efficiency with multiple"  
[X Link](https://x.com/the_zack_zhu/status/2017928415844638808)  2026-02-01T11:50Z [----] followers, [----] engagements


"@Speedwell_LLC @AlphaSenseInc I think the boycott sound is loud can clear in Coupang in South Korea forum right now. But in reality Coupang $CPNG is way too convenience to stop using it🤣🤣🤣🤣🤣"  
[X Link](https://x.com/the_zack_zhu/status/2018217511817490894)  2026-02-02T06:58Z [----] followers, [---] engagements


"Just test the integration of the $BABA Qwen integration. I would say I HAVE BEEN SUPER AMAZE. Although I think the product search on Taobao user experience is still not as good as Taobao app itself. For food delivery and especially OTA IT's SO GOOD. With the integration it me pull out everything and choose the way that are cheapest and also give me the pros and cons of each hotel the only thing I need to do is to chat with it. I don't need to leave the app the whole time. It's much faster than I book it myself. THIS IS FUXKING AMAZING. Food delivery experience is also good. It's just come up"  
[X Link](https://x.com/the_zack_zhu/status/2018341027409740144)  2026-02-02T15:09Z [----] followers, [----] engagements


"In case that you dont know $SE is my favorite company of all time. While $SE achieve negative growth in share price. $SE perform greatly with a revenue growth of 35% in the last twelve months. https://t.co/46HJWXFq2C While $SE achieve negative growth in share price. $SE perform greatly with a revenue growth of 35% in the last twelve months. https://t.co/46HJWXFq2C"  
[X Link](https://x.com/the_zack_zhu/status/2018391999930617996)  2026-02-02T18:32Z [----] followers, [----] engagements


"$SE is the company that bring me into the deep eCommerce world"  
[X Link](https://x.com/the_zack_zhu/status/2018392165819510820)  2026-02-02T18:32Z [----] followers, [---] engagements


"There are full time employees that work for specific delivery platforms. They are from platforms manage franchise. You didnt read wrong you can become a full time employee of specific delivery $BABA platforms But there is a catch they are employees of platforms franchise that manage riders. A franchise point usually manage a fleet of 50-200 riders. Platform will give to orders to full time employees first. Then give out the extra orders to gig workers. Full time employees is why Meituan and $BABA can have high quality and consistent delivery experience. But its actually a lot more complicated"  
[X Link](https://x.com/the_zack_zhu/status/2018663192524939338)  2026-02-03T12:29Z [----] followers, [----] engagements


"@TacticzH $SE was way too overvalued at [----] but undervalued right now IMO"  
[X Link](https://x.com/the_zack_zhu/status/2018702520823017594)  2026-02-03T15:06Z [----] followers, [----] engagements


"Its crazy to have a Stone Age company to have a PE of [--]. Isnt this business used to belong to the PE [--] club And that was in a much lower interest rate environment. Or is everyone assuming Americans can only afford discount stores in the foreseeable future Walmart hits $1 trillion market cap fueled by growth of e-commerce new businesses $WMT Walmart hits $1 trillion market cap fueled by growth of e-commerce new businesses $WMT"  
[X Link](https://x.com/the_zack_zhu/status/2018728162050666989)  2026-02-03T16:47Z [----] followers, [----] engagements


"Reading about the e-commerce things in China you would notice that rest of the worlds e-commerce penetration rate are all still really low. $SE $PDD $BABA $MELI e-commerce itself is a natural long term tailwind"  
[X Link](https://x.com/the_zack_zhu/status/2018732383521153073)  2026-02-03T17:04Z [----] followers, [----] engagements


"Developing countries also got a natural GDP tailwind $SE $MELI. And there are literally no physical retail stores that are competitive. All the retail growth just straight to online services"  
[X Link](https://x.com/the_zack_zhu/status/2018732987840655811)  2026-02-03T17:07Z [----] followers, [---] engagements


"Remember folks when comparing $SE and $MELI logistics capabilities. Please dont forget that $SE logistics arm SPX now process as much parcels as Amazon in U.S. And most of its facilities were only built in the last 3-4 years. Now in some counties its normal delivery speed has been shorten to [--] hours. More and more items are qualified for same day delivery. - BTW I live in the center of Tokyo my recent package still needs two days to arrive. ( I do have prime subscription) $AMZN Prime delivery hit record highs in [----] https://t.co/UnVnR9zRes $AMZN Prime delivery hit record highs in 2025"  
[X Link](https://x.com/the_zack_zhu/status/2018745022267765090)  2026-02-03T17:54Z [----] followers, [----] engagements


"@e_commerce_king Wow seems that currently everyone believe that it probably have another flash sale.(including me) $SE About to become Walmart with everyday low prices 😭😭"  
[X Link](https://x.com/the_zack_zhu/status/2019000540064321990)  2026-02-04T10:50Z [----] followers, [---] engagements


"Shopee Brazil $SE had just announced a price hike on selling fees impacting the R$80+ products the most. Now all the merchants in Brazil are force to join the shipping subsidiary program - Now $SE Brazil and $MELI take rate are very much align in all pricing. Brazil seems to be the second country after Taiwan to force all selling to join free shipping program. This might indicate that it works really well in Taiwan. The bad part of this rate hike is that is substantially reduce the price competitive on higher ticket items. It is estimated that 80% of Shopee Brazil the orders are under R$80."  
[X Link](https://x.com/the_zack_zhu/status/2019239836331409720)  2026-02-05T02:41Z [----] followers, [----] engagements


"I like $HIMS business type but the next two years will be very hard. ( business wise) specially when they are not focus. I hope the executives can focus more on its core U.S. markets. (BTW I actually like $HIMS as a rebellion company trying to challenge the boundaries of the law) The next two years will be extra hard for $HIMS business wise. They need to transit out from there GLP-1 easy revenue easy valuation era. I still believe $HIMS can make a difference in the longer term (for now). The next two years will be extra hard for $HIMS business wise. They need to transit out from there GLP-1"  
[X Link](https://x.com/the_zack_zhu/status/2019607482583396829)  2026-02-06T03:02Z [----] followers, [----] engagements


"@realroseceline This is actually what China did this is the AV from the DoorDash of China (Meituan)"  
[X Link](https://x.com/the_zack_zhu/status/2019608490856313197)  2026-02-06T03:06Z [----] followers, [---] engagements


"@ottavicap My reaction is that $CPNG is really an American company with an American management team"  
[X Link](https://x.com/the_zack_zhu/status/2019620453162315821)  2026-02-06T03:53Z [----] followers, [---] engagements


"In [----] Google Meta Microsoft Amazon is going to spend an aggregate 700B in CAPEX. In my opinion they are still not spending "too much". There still a lot more places for more tokens. ChatGPT is still slow and not good enough. If there are more GPU it will definitely perform a lot better. I believe the bumble will pop some where when they really spend too much probably 3x4x of their net income on CAPEX. Now is still in the early stage. The AI bubble will probably be burst in [----] or [----]. Now the big tech CAPEX spending is only a little more than their means. So excited to see what would"  
[X Link](https://x.com/the_zack_zhu/status/2019627322757030157)  2026-02-06T04:20Z [----] followers, [----] engagements


"@pandawatch88 $SHOP valuation is what non-U.S. e-commerce crave of"  
[X Link](https://x.com/the_zack_zhu/status/2019671280585437571)  2026-02-06T07:15Z [----] followers, [---] engagements


"So we Taiwan an island with only 23M is going to have a 2T Valuation company soon And our average salary is still only a little bit over 20K per year How is that even possible"  
[X Link](https://x.com/the_zack_zhu/status/2019784002110947465)  2026-02-06T14:43Z [----] followers, [----] engagements


"@GabGrowth Also dragging $SE with them.🤣🤣🤣🤣"  
[X Link](https://x.com/the_zack_zhu/status/2019790625558925506)  2026-02-06T15:09Z [----] followers, [---] engagements


"@ReturnsJourney Thats actually why Taiwanese are actually decently rich 😢"  
[X Link](https://x.com/the_zack_zhu/status/2019794356362977499)  2026-02-06T15:24Z [----] followers, [---] engagements


"BTW this small grocery Dingdong maicai only operates in [--] cities in China. And they have more than [----] warehouses. More warehouse than Amazon in U.S. although its all pretty small with something like [----] SKUs focus only on fresh products. Meituan plans to acquire Dingdong Maicai for USD717 million the Chinese on-demand services giant said today. Founded in [----] the US-listed e-grocer achieved record quarterly revenue of CNY6.7 billion (USD965 million) in the third quarter of [----]. @meituan https://t.co/FqctpZOOQX Meituan plans to acquire Dingdong Maicai for USD717 million the Chinese"  
[X Link](https://x.com/the_zack_zhu/status/2019797244657168755)  2026-02-06T15:36Z [----] followers, [----] engagements


"Groceries e-commerce platforms are actually all nearly all consolidated into B2C e-commerce in the past few years. I will release an articles about the four kind of e-commerce logistics on my substack soon. It will be the longest piece ever in my substack"  
[X Link](https://x.com/the_zack_zhu/status/2019799017149128985)  2026-02-06T15:43Z [----] followers, [---] engagements


"Welcome to subscribe here to get the updates to know why $CPNG & $JD & Amazon $MELI is fast and why some Chinese e-commerce can send package in [----] USD per parcel. And know whats their logistic tradeoff. https://zackzhuadventure.substack.com https://zackzhuadventure.substack.com"  
[X Link](https://x.com/the_zack_zhu/status/2019799972271866046)  2026-02-06T15:46Z [----] followers, [---] engagements


"@PandaDaytona @ReturnsJourney @grok whats the average net worth of Taiwanese citizen and compare to the rest of the world"  
[X Link](https://x.com/the_zack_zhu/status/2019831487869382928)  2026-02-06T17:52Z [----] followers, [--] engagements


"@knightcharo Do you live in the cities"  
[X Link](https://x.com/the_zack_zhu/status/2019934734621774294)  2026-02-07T00:42Z [----] followers, [--] engagements


"Shopee Brazil $SE recently raised fees on its marketplace. This move is probably to subsidize its fulfillment services in Brazil. According to sources in [----] 5% of Shopee Brazil orders are fulfilled by Shopee and they are aggressively targeting the fulfillment rate into the high-teens in [----]. Now Shopee Brazil has a ZERO FEE policy for its fulfillment services. - Shopee now has [--] distribution/fulfillment centers in Brazil to compete with $MELI. Shopee Brazil average delivery time is estimate to be [--] days in [----]. Down from an average of [--] days in [----]. $MELI national delivery speed is"  
[X Link](https://x.com/the_zack_zhu/status/2019993448821190879)  2026-02-07T04:35Z [----] followers, [----] engagements


"@Elevate881 The single biggest bottleneck of Brazil eCommerce is that Brazil logistic is still really primitive. The delivery cost is extremely high. In theory the cost should be 50% or lower of what is now. The local players are not quite good in the logistic space"  
[X Link](https://x.com/the_zack_zhu/status/2019998088115679384)  2026-02-07T04:54Z [----] followers, [---] engagements


"@w23ed7 100% agree TEMU UI is a joke right now. I personally hate it. But I believe as it move up user geography and introduce more platforms model. The experience will become a lot better. This had happened in all Chinese-like platforms. It will probably take another 5-8 years"  
[X Link](https://x.com/the_zack_zhu/status/2020014809748763094)  2026-02-07T06:00Z [----] followers, [--] engagements


"@jackanships Did you close your last project"  
[X Link](https://x.com/the_zack_zhu/status/2020069689767129344)  2026-02-07T09:38Z [----] followers, [--] engagements


"Now AI generates videos are good but not good enough for movies or series. I believe about [--] years later it will be good enough for a few minutes of videos. Maybe [--] years later will be good enough for movies. Did $NFLX have a good enough most Thoughts"  
[X Link](https://x.com/the_zack_zhu/status/2020071798356996468)  2026-02-07T09:47Z [----] followers, [---] engagements


"Am I the only $HIMS optimist that enjoy the drama I cant wait for the case to intensify and drop a lot more"  
[X Link](https://x.com/the_zack_zhu/status/2020127147080180148)  2026-02-07T13:26Z [----] followers, [----] engagements


"@TopiEero @GabGrowth @CapexAndChill @e_commerce_king Just like Shopee come from low quality white-label product and climb up the curve. TikTok shop is the same its very very competitive and user is probably the broadest of all Chinese e commerce in China"  
[X Link](https://x.com/the_zack_zhu/status/2020262528480362544)  2026-02-07T22:24Z [----] followers, [---] engagements


"Fear of TikTok Shop is one of the main reason of $SE crash. I have no idea what TikTok shop growth is last year but I assume it is very good. TikTok Shop operates in a discovery first model which is very different with the e-commerce before them. Welcome to read my thoughts on Shopee v. TikTok shop. https://t.co/hmEeyvkLIG https://t.co/hmEeyvkLIG"  
[X Link](https://x.com/the_zack_zhu/status/2020460587407614393)  2026-02-08T11:31Z [----] followers, [----] engagements


"100% agree I feel since $HIMS started to compare themselves with $NFLX I can feel that Andrews ambitious has been pump up by multiple degrees. @sudokhanh It's another example of an unforced error. One of many over the last year. My fear over the last year was that they were trying to do too much at once - and their poor execution over the last year has validated my concerns. Hiring multiple chiefs at once buying multiple @sudokhanh It's another example of an unforced error. One of many over the last year. My fear over the last year was that they were trying to do too much at once - and their"  
[X Link](https://x.com/the_zack_zhu/status/2020517791091015989)  2026-02-08T15:19Z [----] followers, [----] engagements


"Thanks. For now I think TIkTok Shop are still a now a inpulse buy driven eCommerce platform. But through the time it will definitely evolve more torwards Shopee like platform. In China Douyin eCommerce Shop search base GMV has now accounted near half of it's GMV. Apple Official in China doesn't exist in JD but only exist in Tmall and Douyin Shop https://twitter.com/i/web/status/2020716942055927913 https://twitter.com/i/web/status/2020716942055927913"  
[X Link](https://x.com/the_zack_zhu/status/2020716942055927913)  2026-02-09T04:30Z [----] followers, [---] engagements


"@MattWat16001736 If I'm not remember wrong Douyin Shop active buyers count are also the highest of all eCommere platforms. Which includes near all of the adult population in China"  
[X Link](https://x.com/the_zack_zhu/status/2020717425466257500)  2026-02-09T04:32Z [----] followers, [--] engagements


"Bank of America is now expecting Taiwan to grow GDP by 8% in [----] of course thanks again to $TSM and other data center related companies. Taiwan thanks to Nvidia is expected to grow GDP by 6%. But do you know that there are dual-class citizen in Taiwan - Small countries are subject to rely on a handful of industries as it's growth drivers. It's feels like having a centralized stock portfolio. It's really https://t.co/MHeObqEjDD Taiwan thanks to Nvidia is expected to grow GDP by 6%. But do you know that there are dual-class citizen in Taiwan - Small countries are subject to rely on a handful"  
[X Link](https://x.com/the_zack_zhu/status/2021233795815350694)  2026-02-10T14:44Z [----] followers, [---] engagements


"@GabGrowth The acquisition is super confusing 🫤"  
[X Link](https://x.com/the_zack_zhu/status/2021746399034196140)  2026-02-12T00:41Z [----] followers, [----] engagements


"China's quick-commerce war will not end anytime soon. According to Chinese media reports in an internal talk the $BABA management team told employees not to worry about losses over the next three years and investment in [----] is going to surpass [----]. Alibaba has estimate to spent 70B yuan (US$10B) in [----]. Now $BABA has about 40% of the food delivery market whereas $JD has about 5%. $BABA food delivery GMV market share has surpass Meituan in some cities. $BABA still lacks quite a lot in the non-food selection compared to Meituan $MPNGF. @GabGrowth and I will release a deep-dive article on"  
[X Link](https://x.com/the_zack_zhu/status/2021816164478066976)  2026-02-12T05:18Z [----] followers, [---] engagements


"In terms of food delivery market share now Meituan holds a bit more than 50% $BABA holds about 40% $JD hold about 5%. It seems that $BABA has only a 10% difference in market share but this is not actually the full story. When it comes to profitable orders aka the orders that AOV are over [--] yuan market share Meituan is still well over 65%. Started from November with alibaba achieve similar order volume in the last few months before that the profitable orders have become the main focus. Profitable order market share still largely lagging behind is the reason why Alibaba still needs a huge"  
[X Link](https://x.com/the_zack_zhu/status/2021971661155913929)  2026-02-12T15:36Z [----] followers, [----] engagements


"Why [--] yuan Glad that you ask. 🤣🤣🤣 Its because the average delivery cost that pay to the riders is about [--] yuan. With an average take rate of 25%26% its need about an AOV of [--] yuan to make the transaction profitable. - $DASH/ $GRAB both have a 30%+ gross take rate"  
[X Link](https://x.com/the_zack_zhu/status/2021973370875838741)  2026-02-12T15:43Z [----] followers, [---] engagements


"@pitdesi $GRAB might have a too much cash problem but the stock market also dont allow them to spend it"  
[X Link](https://x.com/the_zack_zhu/status/2022140046489575516)  2026-02-13T02:45Z [----] followers, [---] engagements


"@ValleyFallsRI Why Isnt that normal for a Payment processor"  
[X Link](https://x.com/the_zack_zhu/status/2022140279005024673)  2026-02-13T02:46Z [----] followers, [---] engagements


"@ValleyFallsRI @1amInvesting DoorDash is so weak compared to Meituan in their operation and strategy. Its also operates in a lot less verticals"  
[X Link](https://x.com/the_zack_zhu/status/2022168147537858617)  2026-02-13T04:37Z [----] followers, [--] engagements


"@ValleyFallsRI TOST will probably be valued at something 3B if they operate in China I guess. They charge enormous prices for their software. ( I know tost serve big chain stores Meituan also got separate pos for chain stores )"  
[X Link](https://x.com/the_zack_zhu/status/2022169536561394043)  2026-02-13T04:42Z [----] followers, [--] engagements


"@knightcharo They might look like a similar business in financial statements. But they are actually nothing like😢 Meituan user experience is next next level"  
[X Link](https://x.com/the_zack_zhu/status/2022194696119103910)  2026-02-13T06:22Z [----] followers, [--] engagements


"@Metastate78 In recent months $JD only delivery about 10M in food delivery orders daily. GMV wise the numbers is probably in mid single digits. The market share here didn't count the ones in the non-food section"  
[X Link](https://x.com/the_zack_zhu/status/2022200174391832763)  2026-02-13T06:44Z [----] followers, [---] engagements


"@JustinvestToday Yeah. Meituan also a formidable competitor"  
[X Link](https://x.com/the_zack_zhu/status/2022227434721226822)  2026-02-13T08:32Z [----] followers, [--] engagements


"@ArthuronHL I remember is something like 30% no not all restaurants use it some use Alibabas solutions there are also a very wide range of independent vendors. I read it a long time ago. I forget where i read it sorry"  
[X Link](https://x.com/the_zack_zhu/status/2022475769906368734)  2026-02-14T00:59Z [----] followers, [--] engagements


"@ArthuronHL I did use leverage after I started trading U.S. stocks. My biggest gain is $SE Shopee. Thats why Im familiar with e-commerce. I did plan to write more in the future I hold zero stock right now so its not a good time to share"  
[X Link](https://x.com/the_zack_zhu/status/2021985313242198241)  2026-02-12T16:30Z [----] followers, [---] engagements


"The mobility MTU penetration of $GRAB by countries. The penetration in countries ex-Singapore is still extremely low. Low penetration is both the biggest bull and bear in $GRAB valuation. If there is still a huge untapped market then its also a good place for competitors to grow. Last post I shared the super-bull case for $GRAB in food delivery. Today I want to flag two key risks: (1) insufficient dominance and (2) underserved markets. - Where $SE ShopeeFood is active Grab doesnt look dominant enough to comfortably widen its lead and that makes https://t.co/HqHacKbKLr Last post I shared the"  
[X Link](https://x.com/the_zack_zhu/status/2022147354565169426)  2026-02-13T03:14Z [----] followers, [----] engagements


"@knightcharo I think since it's a commodity business. That's why it's so good. Little can improve except of scale"  
[X Link](https://x.com/the_zack_zhu/status/2022195427333091342)  2026-02-13T06:25Z [----] followers, [---] engagements


"@John421000 @poezhao0605 If $BABA willing to spend enough money than I think they got a really good chance. But it will definitely cost a fortune"  
[X Link](https://x.com/the_zack_zhu/status/2022688297932501491)  2026-02-14T15:04Z [----] followers, [--] engagements

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