China's food delivery king feels the heat from Alibaba

Tencent-backed Meituan sees margins shrink as Alibaba's Ele.me aims for aggressive growth

COCO LIU, Nikkei staff writer

HONG KONG -- Meituan-Dianping is the undisputed leader in China's fast-growing food delivery market, but Alibaba Group Holding aims to knock it from its perch by outspending it.

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