Market Chatter: Alibaba, JD, and Meituan Vow to End Price-Based Rivalry in Food Delivery Business

MT Newswires Live

2025/08/01

Alibaba Group (BABA), JD.com (JD), and Meituan pledged on Friday to end price-based rivalry in China's $80 billion food delivery market, Bloomberg reported late Thursday, citing the companies.

The companies have been undercutting each other by offering a variety of discounts and subsidies, with government agencies stepping in to calm things down, the report said.

Alibaba's Ele.me said it will protect merchant margins and avoid irrational promotions, while Meituan said it would not force businesses to take part in subsidies, Bloomberg reported.

Alibaba, JD, and Meituan did not immediately respond to MT Newswires' request for comment.

Shares of Alibaba and JD.com were down 1.9% and 0.2%, respectively, in recent Friday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0072462343.USD","symbol_name":"贝莱德亚洲巨龙基金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2556816759","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556816759","pubTimestamp":1754053252,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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