Alibaba Loses $100 Billion Amid Battle In China's Food Delivery Market

A protracted battle in China's food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence.

Jul 11, 2025 - 16:00
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Alibaba Loses $100 Billion Amid Battle In China's Food Delivery Market
A protracted battle in China's food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence.

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