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, 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 MovesAlibaba Risks Deepening $100 Billion Rout as Turf…See also JD.com to Buy Stake in Hong Kong’s CCB Tower for HK$3.5 Billion
