Thursday 15 November 2018
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Channel News Asia - 3 month ago

Alibaba merging China food delivery units to counter Tencent-backed Meituan: sources

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China s booming on-demand services market, sources told Reuters.

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