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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba Unites Its Empire To Fight Back Against Meituan

Alibaba BABA Meituan Jack Ma Ant Group Eleme China fintech JDcom
Alibaba Group Holding Limited

Alibaba Group (NYSE:BABA) and its fintech affiliate Ant Group, co-founded by Jack Ma, have launched a unified strategy to take on Meituan (OTC:MPNGY) in China’s instant commerce market.

For the first time since 2020, all of Alibaba’s key businesses, including Taobao, Tmall, Alipay, Alibaba Cloud, food delivery service Ele.me, grocery chain Freshippo, and travel platform Fliggy, are aligning to create a coordinated force of delivery workers.

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