Alibaba Accelerates Taobao Instant Commerce Launch, Heats Up Rivalry With JD.com, Meituan
benzinga.com/markets/25/05/45165898/alibaba-accelerates-taobao-instant-commerce-launch-heats-up-rivalry-with-jd-com-meituan
In a strategic move, Alibaba Group Holding (NYSE:BABA) has advanced the rollout of its rapid-delivery service, Taobao Instant Commerce. This accelerates the rivalry with JD.com (NASDAQ:JD)and Meituan (OTC: MPNGY).
What Happened: The service, initially slated for a May 6 launch in 50 key…
This story appeared on benzinga.com, 2025-05-02 13:33:22.