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Alibaba’s local consumer businesses reportedly plan layoffs as they lose ground to Meituan

Meituan’s revenue from food delivery was more than double that of Alibaba’s Ele.me in Q3 2021.

2 mins read
  • Tencent and Alibaba bleed value under pressure from both Beijing and Washington.

    News

    Chinese companies vanish from world’s top 10 by market cap

    2 mins read

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