Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
21 Apr 2026 Cheeky Pint The economics and trends of the restaurant industry, with Tony Xu of DoorDash
“I think second, because of labor market dynamics, both the availability as well as the cost of labor in the Chinese market, that's allowed a lot of these businesses to make this activity almost as affordable as if you were to pick up the orders yourself.”
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Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 21 Apr 2026
- Publisher
- Cheeky Pint
Transcript context
…As a result, nobody cooks. As a result, nobody cooks, exactly. There are a lot of reasons for this, and we can go super deep on retail history and grocery history in China. But anyways, that's a huge phenomenon. I think second, because of labor market dynamics, both the availability as well as the cost of labor in the Chinese market, that's allowed a lot of these businesses to make this activity almost as affordable as if you were to pick up the orders yourself. I think third is that, especially it's not every city in China, but more and more, the Chinese… It started really with the Eastern Seaboard cities, where the density just allowed a very easy delivery setup, almost like every city was like New York City. I think in America, we think New York City is very special. There's more mega cities in China.…
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