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Alibaba, along with Meituan and JD.com, faces billions in losses due to an ongoing food delivery price war.
Alibaba, a major Chinese e-commerce company, is losing market value due to a fierce price war in the food delivery market.
This competition, involving Alibaba, Meituan, and JD.com, has led to significant share price drops and billions in losses from subsidies.
Despite government calls for fair competition, the price war continues, offering consumers ultra-low prices but harming company profits.
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Alibaba, junto con Meituan y JD.com, enfrenta miles de millones en pérdidas debido a una guerra de precios de entrega de alimentos en curso.