Alibaba, Meituan Earnings Pressured by Delivery Price War Amid AI Race

A delivery worker for Meituan in Shanghai.Photographer: Qilai Shen/Bloomberg

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By Justina T Lee, Rachel Yeo, Reina Sasaki, and Harshita Swaminathan

November 21, 2025 at 2:02 AM UTC

Updated on

November 24, 2025 at 1:57 AM UTC

Alibaba Group Holding Ltd. and Meituan are set to show a continued profit erosion after JD.com Inc. broke up their long-held duopoly in the meal delivery and fast-commerce sectors earlier this year.

JD.com’s showed its foray into the sector wasn’t without pain either, where net income had more than halved.