Alibaba, Meituan Earnings Pressured by Delivery Price War Amid AI Race

Alibaba Group Holding Ltd. and Meituan are set to show a continued profit erosion after JD.com Inc. broke up their long-held duopoly in the meal delivery and fast-commerce sectors earlier...

By Justina T Lee, Rachel Yeo, Reina Sasaki, Harshita Swaminathan · Bloomberg Markets

Alibaba Group Holding Ltd. and Meituan are set to show a continued profit erosion after JD.com Inc. broke up their long-held duopoly in the meal delivery and fast-commerce sectors earlier this year.