Core Viewpoint - The article discusses the competitive landscape of the instant delivery industry, highlighting the struggles of the company Flash Delivery (闪送) and the overall market dynamics influenced by the food delivery sector [1][3][7]. Group 1: Flash Delivery's Performance - Flash Delivery's stock price fell by 1.26% to $2.35, down 85.8% from its IPO price of $16.5 [1]. - In Q1 2025, Flash Delivery reported revenue of 960 million yuan, a 13.5% decrease from 1.11 billion yuan in Q1 2024, with a net loss of 10.3 million yuan compared to a net profit of 64.6 million yuan in the same period last year [3]. - The company experienced a decline in order volume, completing 58 million orders in Q1 2025, down from 65.8 million in Q4 2024, attributed to increased market competition [3][4]. Group 2: Market Dynamics and Competitors - The instant delivery market is seeing a divergence in performance among logistics companies, with SF Express (顺丰) reporting a 27.1% revenue increase to 15.75 billion yuan in 2024, driven by stable demand in food delivery [6]. - Dada's total net revenue for 2024 was 9.664 billion yuan, an 8% decline, while its instant delivery platform saw a 44.6% increase in revenue to 5.805 billion yuan due to rising order volumes from chain merchants [6]. - The entry of JD.com into the food delivery market has intensified competition, with Dada becoming a key logistics partner for JD's delivery services [6]. Group 3: Future Trends and Opportunities - The instant delivery market is expected to grow, with user numbers projected to exceed 1 billion by 2030, driven by the expansion of instant logistics [7]. - The food delivery sector is a critical application for instant delivery services, with the online food delivery market reaching 1.6357 trillion yuan in 2024, a 7.2% increase [9]. - Future trends in instant delivery include multi-platform competition, integrated logistics solutions, and technological advancements such as AI optimization [11].

Core Insights - The romantic economy was significantly boosted during the 520 festival, with a notable increase in demand for instant delivery services, particularly for flowers and food items [1][2] - On May 20, flower orders surged over 9 times compared to the previous day, while beverage orders increased by 143% and fast food orders rose by 98% [1] - The "exclusive delivery" service gained popularity, with nationwide order volume increasing by 369%, and in Shenzhen, the growth exceeded 8 times [1] Delivery Trends - Instant delivery platforms played a crucial role in facilitating the purchase of gifts, with online channels being the primary method for consumers [1][2] - The peak delivery time on May 20 was between 6 PM and 7 PM, highlighting the convenience for working individuals [2] - The total delivery distance for flower and cake orders exceeded 6 million kilometers on the festival day [1] Market Dynamics - The demand for instant delivery services extended to various platforms, including Douyin and Alibaba, with significant growth in beverage and fast food orders [2] - The lower-tier markets also showed strong enthusiasm, with supermarket and department store orders increasing by 99% [2] - The company utilized a flexible network and intelligent scheduling system to enhance delivery efficiency, particularly for fragile items like flowers and cakes [2][3] Consumer Experience - The "pick-up and delivery" service provided personalized options for consumers, such as queueing at popular restaurants and timely delivery of flower bouquets [3] - The company effectively captured the full-spectrum demand during the festival, reinforcing its role as a core consumer infrastructure and enhancing overall consumer experience [3]