Meituan shares plunge as China’s delivery price wars escalate
Alibaba and JD.com battle incumbent for share of market where consumers expect lightning-fast delivery
Alibaba and JD.com battle incumbent for share of market where consumers expect lightning-fast delivery

Competition from Alibaba and JD.com for fast-growing instant retail market has hit the Beijing-based group

Chinese online platform’s hopes of undercutting ecommerce giant rebuffed by American suppliers

Beijing seeks to bolster revenues to compensate for slowing economic growth

Beijing’s policies have encouraged overproduction and excessive competition

Start-up came under fire from Beijing for abandoning the country as Washington scrutinised its Silicon Valley backer

Beijing has cracked down amid fears that cut-throat competition is hurting industry