Heavy subsidy spending in China’s food-delivery battle led Meituan to report a 19.8 billion yuan ($2.7 billion) operating loss in the third quarter of 2025, its largest since listing. Alibaba’s operating profit fell from 35.2 billion yuan to 5.4 billion yuan ($4.9 billion to $0.75 billion…
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China’s food-delivery price war sees Meituan, Alibaba, JD.com incur $14B in costs across two quarters
作者gocpmall
12 月 2, 2025