$JD.com(JD)$ 's entry into the food delivery market is definitely something to watch! Both $MEITUAN(MPNGF)$ and JD dropped over 5% today, while $Alibaba(BABA)$ went against the trend with gains. This is mainly because Ele.me has limited impact on Alibaba, whose core growth drivers remain Taobao, Tmall, and cloud computing. JD's move into delivery will bring more competition, but overall, Alibaba still holds a stronger long-term position.
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