Alibaba risks deepening $100 billion rout as turf war heats up

fortune.com/asia/2025/07/11/alibaba-food-delivery-jd-meituan

A protracted battle in China’s food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence.
Its Hong Kong-listed shares plunged 28% from a March high through Thursday, nearly double the…

This story appeared on fortune.com, 2025-07-11 06:31:15.
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