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

MT Newswires Live2025-08-01

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2556816759?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-01 21:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2556816759","market":"sh","top_or_hot":-1,"title":"Market Chatter: Alibaba, JD, and Meituan Vow to End Price-Based Rivalry in Food Delivery Business","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BABA\">Alibaba Group</a> (BABA), <a href=\"https://laohu8.com/S/JD\">JD.com</a> (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.</p><p>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.</p><p>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.</p><p>Alibaba, JD, and Meituan did not immediately respond to MT Newswires' request for comment.</p><p>Shares of Alibaba and JD.com were down 1.9% and 0.2%, respectively, in recent Friday premarket activity.</p><p>(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.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Alibaba, JD, and Meituan Vow to End Price-Based Rivalry in Food Delivery Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Alibaba, JD, and Meituan Vow to End Price-Based Rivalry in Food Delivery Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-08-01 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/BABA\">Alibaba Group</a> (BABA), <a href=\"https://laohu8.com/S/JD\">JD.com</a> (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.</p><p>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.</p><p>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.</p><p>Alibaba, JD, and Meituan did not immediately respond to MT Newswires' request for comment.</p><p>Shares of Alibaba and JD.com were down 1.9% and 0.2%, respectively, in recent Friday premarket activity.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0856984785.SGD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Alibaba Group , JD.com , 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-WR","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","BK4551":"寇图资本持仓","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU1051768304.USD":"贝莱德新兴市场股票收益A6","IE00BZ08YR35.GBP":"GUINNESS BEST OF CHINA \"C\" (GBP) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK1588":"回港中概股","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1720050803.USD":"安联全方位中国股票基金","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU1810669033.SGD":"FTIF - Templeton Emerging Markets Dynamic Income A (Mdis) SGD-H1","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU1044875133.USD":"天利亚洲反向股票 AU Acc","BK1521":"挪威政府全球养老基金持仓","BABA":"阿里巴巴","JD":"京东","LU1993786604.SGD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (SGD) ACC","HBBD.SI":"Alibaba HK SDR 5to1","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK1502":"双十一","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","BK1249":"综合零售","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","09988":"阿里巴巴-W","09618":"京东集团-SW"},"translate_title":"市场热议：阿里巴巴-SW、京东、美团-W誓言结束外卖业务基于价格的竞争","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89988":0.6,"09618":0.6,"09988":1,"BABA":1,"ALBmain":0.6,"HBBD.SI":0.6,"JD":1},"content_text":"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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2556816759","isCrawlerRequest":true}