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flag Alibaba, along with Meituan and JD.com, faces billions in losses due to an ongoing food delivery price war.

flag Alibaba, a major Chinese e-commerce company, is losing market value due to a fierce price war in the food delivery market. flag This competition, involving Alibaba, Meituan, and JD.com, has led to significant share price drops and billions in losses from subsidies. flag Despite government calls for fair competition, the price war continues, offering consumers ultra-low prices but harming company profits.

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