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Meituan
Acquired
Ali Baba
Maitoin has invested more than ten billion dollars into the food delivery and restaurant recommendations business. Ali bob bought lumo outright for nine point something billion, outright for nine point five. The combined company ulama and ali baba lose majority market share. It's just a knife fight of investors pouring money in, much like dordash and uperits fighting for market share, subsidizing customers.
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