The Meituan Dianping logo is seen on the company’s application on an Apple Inc. iPhone in an arranged photograph taken in Hong Kong, China. (Photographer: Justin Chin/Bloomberg)

Meituan Plunges as Losses Balloon in Food Fight With Alibaba

(Bloomberg) -- Meituan Dianping, the Chinese food-delivery giant, slumped by a record as its fight for market share with Alibaba Group Holding Ltd. led to wider losses.

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