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BTCC / BTCC Square / Global Cryptocurrency /
Alibaba Stock Drops 6.7% Amid Food Delivery Price War in China

Alibaba Stock Drops 6.7% Amid Food Delivery Price War in China

Author:
Global Cryptocurrency
Published:
2025-07-11 13:47:02
12
2
BTCCSquare news:

Alibaba Group's shares have declined 6.7% over the past month, trading at $229.76 as of July 10, as the company intensifies subsidies in a heated food delivery battle with rivals JD.com and Meituan. The price war has already consumed $4 billion in discounts in a single quarter, with analysts projecting potential losses of up to $5.7 billion by mid-2026.

Investor confidence is eroding as Alibaba shifts focus from AI innovation to defending its market share in delivery services. The stock's downward trajectory reflects broader concerns about the sustainability of this subsidy-driven competition, which shows no signs of abating.

|Square

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