"cross-border competition"

#13024829

25 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13024830

25 November 2025

A traveler passes by an Italo high-speed train which arrives at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13024831

25 November 2025

A young couple sits on a platform bench where an Italo high-speed train arrives at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007396

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007399

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007413

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007414

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007416

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007457

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007462

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13007480

20 November 2025

An Italo high-speed train is at Venezia Santa Lucia railway station in Venice, Italy, on November 16, 2025. Although ICE trains are seen as Deutsche Bahn's leading product, many passengers are frustrated by frequent delays and high fares. Meanwhile, new competitors enter the market, raising expectations for cheaper tickets and more reliable service. Both the state-owned Ferrovie dello Stato Italiane (FS) and the private high-speed operator Italo (former NTV) intend to introduce modern high-speed trains in Germany.

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#13006850

20 November 2025

The JD.com logo is displayed on a mobile phone with the company branding icon visible in the background, in this photo illustration in Brussels, Belgium, on November 20, 2025.

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#13006851

20 November 2025

The JD.com stock chart is displayed on a mobile phone with a financial stock graph visible in the background, in this photo illustration in Brussels, Belgium, on November 20, 2025.

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#13006852

20 November 2025

The JD.com logo is displayed on a mobile phone with the company branding visible in the background, in this photo illustration in Brussels, Belgium, on November 20, 2025.

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#13006853

20 November 2025

The JD.com stock chart is displayed on a mobile phone with the company branding visible in the background, in this photo illustration in Brussels, Belgium, on November 20, 2025.

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#13006854

20 November 2025

The JD.com Chinese shopping web page is displayed on a mobile phone with the company branding visible in the background, in this photo illustration in Brussels, Belgium, on November 20, 2025.

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