China’s fierce food-delivery price war is hitting Alibaba’s profits hard. The e-commerce powerhouse is battling soaring losses driven by steep discounts and cutthroat competition in this fast-growing market, The Wall Street Journal reports
Browsing: Price War
China’s fierce price war is intensifying, thrusting Alibaba into the spotlight just ahead of its earnings report. With rivals slashing prices aggressively, the e-commerce giant faces mounting pressure to maintain its market dominance and safeguard its profit margins