Alibaba merges food delivery units Ele.me and Koubei amid price war with Meituan in China’s on-demand market

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Chinese e-commerce giant Alibaba Group will merge its food delivery service Ele.me with food and lifestyle unit Koubei amid intensifying competition with rival Meituan-Dianping. This creates a behemoth that combines 3.5mm merchants in 676 cities with $3bn for "subsidies and other incentives to users". Talk about price war. Food delivery in China is HUGE big business.

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