Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan - sources

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market, four people told Reuters.

from Reuters: Business News https://ift.tt/2KxQpMf