Drug Development and Manufacturing
Search documents
China's Corporate Pivots: Alibaba's Food Delivery Gambit and WuXi AppTec's Geopolitical Hedge
Benzinga· 2025-11-19 13:21
Two recent, seemingly unrelated corporate maneuvers offer a telling glimpse into the strategic pivots major Chinese companies are making in response to shifting consumer habits and global political currents. In one corner is e-commerce giant Alibaba (NYSE:BABA) (9988.HK), which is overhauling its local delivery strategy by retiring a household brand. In another, biotech champion WuXi AppTec, squeezed by U.S.-China tensions, is turning its attention and investment toward the Middle East.Ele.me, a name synony ...