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.
Benzinga ·