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7 hours ago

Alibaba faces a deepening financial crisis amid intense competition, while Asus unveils sleek new laptops with advanced AI and graphics tech, mirroring Apple's design. Meanwhile, Apple, Mastercard, and Visa score a legal win as their antitrust lawsuit is dismissed.

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Alibaba Risks Deepening $100 Billion Rout as Turf War Heats Up

BloombergFriday, July 11, 2025 at 12:00:57 AM
Alibaba Risks Deepening $100 Billion Rout as Turf War Heats Up
Alibaba is getting hammered in a brutal food-delivery war in China, and it’s costing them big—$100 billion in market value wiped out so far. The fight shows no signs of letting up, and profits (not to mention investor nerves) are taking a serious hit.
Editor’s Note: This isn’t just about Alibaba’s stock price—it’s a high-stakes brawl in one of China’s most cutthroat markets. When giants like this clash, it reshapes entire industries, affects jobs, and can even change how everyday services (like food delivery) work for millions of people. Investors are watching closely because if Alibaba stumbles here, the ripple effects could spread far beyond its balance sheet.
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