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Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value
benzinga.com/trading-ideas/movers/25/07/46387027/alibaba-bleeds-billions-as-delivery-price-war-erases-100-billion-in-market-value
Alibaba Group Holding (NYSE:BABA) matched its record of 80 million on-demand deliveries on Saturday, intensifying its competition with Meituan (OTC:MPNGF) (OTC:MPNGY) and JD.com (NASDAQ:JD) in China’s high-stakes quick-delivery market.
The e-commerce firm has leaned heavily on giveaways…
This story appeared on benzinga.com, 2025-07-14 09:33:55.