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China's 'instant commerce' price war sees $0.30 drinks and billions in subsidies doled out
cnbc.com/2025/07/11/china-instant-commerce-price-war-billions-subsidies-jd-alibaba-meituan-ele-me.html
In China's fiercely competitive market, the latest price war is playing out in the growing "instant commerce" sector, where companies are launching massive subsidies and other incentives to get consumers to spend.
The 'instant commerce' sector is backed by massive networks of scooter…
This story appeared on cnbc.com, 2025-07-11 08:41:08.