Meituan Shares Sink After Warning of Losses From China Food War Meituan shares dropped almost 10% after the company warned of major losses this quarter from a price-based battle with Alibaba Group Holding Ltd. and JD.com Inc. Related Posts:Meituan Warns Local Rivalry, Global Push to Hurt ProfitsChina’s Meituan, Xiaomi See Long-Term Expansion…Alibaba Risks Deepening $100 Billion Rout as Turf…CrowdStrike Shares Sink After Sales Forecast UnderwhelmsSoftBank Group Shares Extend Slide as US Tech Slump WeighsCircle Falls After Company, Holders Offer 10 Million SharesSee also Alibaba, Meituan Take China Commerce War into Local Services
