That’s especially true in the smartphone market. Since 2019, the five leading brands that compete with Apple in China have ...

Alibaba Group Holding ’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over the next 12 months for both consumers and ...

The fierce competition in China’s on-demand delivery and e-commerce sectors is pushing major players to innovate. As rivals like JD.com and Meituan ramp up their logistics, Alibaba is fortifying ...

Alibaba 9988 -1.04% Group is readying a $7 billion boost for its delivery and shopping platforms amid stiff competition in China. The tech giant said Wednesday that it will offer 50 billion yuan ...

Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba ...

Summary The market is valuing Alibaba as a slow-growing domestic company, weighed down by weak Chinese consumer sentiment and intense competition, resulting in a low valuation multiple. This view ...

Alibaba Group is folding its food-delivery and online-travel services into its core e-commerce unit, streamlining operations in the face of ever fiercer competition. “This marks a strategic ...

June 23 (Reuters) - Alibaba (9988.HK), opens new tab on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business as the Chinese ...

(Reuters) -Alibaba on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business as the Chinese group streamlines operations amid ...

As part of a “strategic upgrade” and to broaden its “consumer experience,” Alibaba (NYSE:BABA) will combine its online travel agency and food delivery platform into an e-commerce group to ...