Meituan calls delivery price war "irrational"

Meituan said it had no choice but to join the subsidy-fueled price war it claims is being led by JD.com and Alibaba in China’s on-demand delivery market. Executive Wang Puzhong called the competition “irrational” and said Meituan acted to avoid appearing weak, but warned that surging order volumes don’t necessarily equate to sustainable business value.