JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value (Charlotte Yang/Bloomberg)

Charlotte Yang / Bloomberg: JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value  —  While much of the world is focused on a volatile international trade war, two of China's largest internet companies are inflicting greater damage on each other at home.

JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value (Charlotte Yang/Bloomberg)

Charlotte Yang / Bloomberg:
JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value  —  While much of the world is focused on a volatile international trade war, two of China's largest internet companies are inflicting greater damage on each other at home.

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