Survival And Protectionism: Dingdong Surrenders To Meituan As India Blocks A Chinese Buyout - Alibaba Gr Hldgs (NYSE:BABA), Dingdong (Cayman) (NYSE:DDL)

Key TakeawaysDingdong's decision to sell its domestic operations to Meituan highlights the brutal reality of China's instant commerce price warsIndia's rejection of a Chinese private equity investment in an Italian firm signals a new era of global protectionism over advanced technologyImage Credit: Bamboo WorksIn this kind of business, it's all about scale. To grow market share, companies offer incentives and cut prices, prompting their rivals to jump in and do exactly the same. We've seen similar price war ...