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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba Could Suffer Fallout As Top Rival Plans Foray In Food Delivery Service

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ:JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC:MPNGF) and Alibaba Group Holding Ltd (NYSE:BABA).

What Happened: JD Retail CEO Xin Lijun, in an interview with  Bloomberg TV, said the company has “considered and explored” launching an on-demand food delivery service.

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