> Alibaba is betting it can undercut Meituan to death. Both companies are spending billions in an escalating war of subsidies that might persuade even Jeff Bezos to cut his losses.
To me, that's the major reason. Meituan is loosing HUGE each month due to subsidies. Don't forget the food delivery giants in Chinese markets with highly concentrated population with billions of subsidies. It only works in selective Chinese Megacities with very cheap human labor and relative cheap and convenient of electric vehicles. It won't work in anywhere else in the world (probably not even in India).
To me, that's the major reason. Meituan is loosing HUGE each month due to subsidies. Don't forget the food delivery giants in Chinese markets with highly concentrated population with billions of subsidies. It only works in selective Chinese Megacities with very cheap human labor and relative cheap and convenient of electric vehicles. It won't work in anywhere else in the world (probably not even in India).