China's 'Instant Commerce' Price War Sees $0.30 Drinks and Billions in Subsidies Doled Out

China's 'instant commerce' price war sees $0.30 drinks and billions in subsidies doled out

China's 'instant commerce' sector is experiencing a cut-throat price war with companies launching massive subsidy programs and other promotions.

China food-delivery war takes $128.1 billion chomp from Alibaba

Its shares have plunged 28% from a March high, nearly double the loss of China's other tech giants. Read more at straitstimes.com.

Alibaba risks deepening US$100 billion rout as turf war heats up

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

Morgan Stanley Cuts Alibaba Target on Soaring Delivery Costs; HSBC Expects Increased Investment in Instant Retail and Delivery, Sees Pressure Priced in - YT FINANCE

Alibaba’s aggressive push into food delivery and flash sales is reshaping China’s e-commerce battlefield, but at a steep cost. Morgan Stanley has slashed its price target for Alibaba, citing soaring investments that are weighing on short-term profitability.