Chinese competition regulators have reportedly conducted inspections at the offices of several major food delivery companies, including Alibaba's subsidiary Ele.me. The probe also included competitors like Meituan and JD.com, signaling a broad review of the sector's quality and competitive practices. This move represents the latest step in Beijing's ongoing scrutiny of the country's powerful tech giants. The investigation comes at a time of heightened competition in the food delivery market, which has intensified since JD.com's entry into the space earlier in the year. In response to the news, retail investor sentiment on platforms like Stocktwits was reportedly 'bearish' for Alibaba on Friday morning.
Alibaba's Food Delivery Unit Under Scrutiny as Chinese Regulators Launch New Probe
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