China’s Meituan Dianping narrows losses, pushes forward grocery retail initiatives

China’s Meituan Dianping narrows losses, pushes forward grocery retail initiatives Chinese food delivery services giant Meituan Dianping plans to continue its foray into China’s grocery retail sector, despite closing a number of its Ella supermarkets in the first quarter of this year, as it ratchets up competition with Alibaba Group Holding. Beijing-based Meituan said it…