US Edition"0 Yuan Purchase" Takeaway Orders Exploded, Alibaba and Meituan Were Caught in the Crossfire | Alibaba
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Against the backdrop of the Chinese Communist Party's call for "anti-internalization", an unprecedented price war has taken place in the Chinese takeout market. Alibaba and Meituan, two Internet giants, have recently been engaged in a fierce battle in the fields of instant retail and takeout, with subsidies upgraded to "0 yuan purchase" and red envelopes flooding the market, leading to a surge in orders, paralysis of platforms, collapse of store…
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