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Alibaba And JD.com Are Literally Paying The Price As China Delivery Wars Heat Up
benzinga.com/25/05/45365815/why-alibaba-and-jdcom-are-basically-buying-you-coffee-to-win-the-30-minute-delivery-race
Alibaba Group Holding (NYSE:BABA) and JD.com (NASDAQ:JD) are now competing fiercely in instant retail, where items are supposedly delivered within 30 to 60 minutes.
What Happened: Facing slowing growth and squeezed consumer budgets, Alibaba's Ele.me and JD.com's JD Takeaway each pledged…
This story appeared on benzinga.com, 2025-05-13 02:18:29.