<ul data-eligibleForWebStory="false"><li>China's competitive 'instant commerce' sector has led to a price war with companies offering massive subsidies and incentives to attract consumers.</li><li>The market is dominated by e-commerce giants JD.com and Alibaba, along with delivery platform Meituan, all expanding delivery networks and offering cheap and fast deals like $0.30 drinks and bargain meal sets.</li><li>Despite benefits for consumers, the price war has negatively impacted investors, with companies like Meituan and JD.com seeing share declines, prompting concerns about the sustainability of these aggressive tactics.</li><li>Regulators have shown concerns over the subsidy programs, urging companies to compete fairly under the law, as players like JD.com and Alibaba ramp up subsidies reaching billions of yuan.</li></ul>

China's 'instant commerce' price war sees $0.30 drinks and billions in subsidies doled out

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