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Alibaba’s food delivery unit was sued by Meituan in 2016 for unfair competitive practices
The company’s share price has dived more than 60% in the past three months.
Baidu is in urgent need to find a new frontier and smart speakers are very good entry points for their services
Small shops have a new channel to reach more than 100 million potential customers.
Alibaba’s cloud computing business grew 84% year-on-year.
Alibaba’s core commerce businesses still account for almost 90% of overall revenue.
The two companies will cooperate on selling furniture and home products online as well as on revitalizing department stores and shopping malls.
Alibaba is a powerful platform to tap into rising demand from China.
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