Alibaba merging China food delivery units to counter Meituan

ReutersNewsPublished: August 7, 2018
Published: August 7, 2018

Alibaba plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, sources told Reuters. Grace Lee reports.

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