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Alibaba’s US$7 billion subsidy deepens China’s instant e-commerce war with JD.com, Meituan

July 2, 2025

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Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over…

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Alibaba’s US$7 billion subsidy deepens China’s instant e-commerce war with JD.com, Meituan

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