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:Alibaba Brings Visual AI Into Food Fight with…Alibaba, Meituan Take China Commerce War into Local ServicesMeituan Warns Local Rivalry, Global Push to Hurt ProfitsMeituan Plans Debut Dim Sum Bonds in Up to $1.4 Billion SaleChina’s Meituan, Xiaomi See Long-Term Expansion…Alibaba’s Shares Soar After Investors Buy Into Big AI Moves
