Alibaba steps up battle with Meituan-Dianping
(WorldNews Business)

Alibaba Group Holding Ltd announced on Friday the consolidation of two of its food review and delivery-related businesses, intensifying a battle with Tencent Holdings Ltd-backed rival Meituan-Dianping for dominance of the Chinese market. Food delivery app Ele.me has merged with restaurant review and lifestyle services platform Koubei, according to Alibaba. The new entity will have a presence across 676 Chinese cities,...