Alibaba's amap is launching an AI-powered “Street Stars” feature

Alibaba’s Amap is moving beyond basic navigation and into Meituan’s ￰0￱ now ranks restaurants, hotels, and tourist spots in the app to help people choose where to eat, stay, and ￰1￱ change shows the rivalry between two of China’s biggest internet companies is intensifying as they compete for everyday ￰2￱ and Meituan are competing for the “instant retail” market, one-hour deliveries packed with coupons and flash ￰3￱ Wednesday, Amap’s new feature called “Street Stars” will rely on AI to rank places for the app’s 170 million daily ￰4￱ kick off the service, the app is putting up 1 billion yuan ($140.43 million) in incentives, letting people claim coupons for ride-hailing or in-store ￰5￱ rollout will start in 300 cities and cover 1.6 million listings for local shops and ￰6￱ years, Chinese diners and travelers have turned to apps such as Meituan’s Dazhong Dianping to check reviews, find places to eat and make ￰7￱ said on its official WeChat account on Wednesday that it is refreshing Dianping’s take-away offering from top-rated eateries and will hand out 25 million consumption ￰8￱ a post-earnings call, Reuters reports, Alibaba Group CEO Eddie Wu described Amap’s AI revamp and said it is positioned as a “new gateway for future lifestyle services,” tied to Alibaba’s plan for a “comprehensive consumption platform.” The regulatory reaction is still ￰9￱ have already called in top e-commerce and delivery platforms for several meetings, and the continuing price war clashes with guidance that warns against a race to the bottom.

China’s online giants risk profits in price war for market share As Cryptopolitan noted before, the struggle among China’s online giants to capture instant retail is weighing in on profits in the short to medium term and add to deflationary pressure in the world’s second-largest ￰10￱ including Alibaba , Meituan and ￰11￱ have flooded users with promotions to seize share in the one-hour segment, burning cash, narrowing margins and drawing investor queries about ￰12￱ spending spree has eaten into margins, and investors want clarity on how the companies will balance pursuit of market share with ￰13￱ have taken note as companies step up price cuts in a period marked by soft real-estate values and fragile ￰14￱ firms posted results for the quarter ended June 30, competition dominated analyst discussions and management ￰15￱ CEO Sandy Xu cautioned about unsustainable “excessive competition.” Meituan CEO Wang Xing referred to a “new phase of competition,” and PDD Holdings co-CEO Zhao Jiazhen said rivalry “has intensified further” during the ￰16￱ this year, ￰17￱ launched a rival food-delivery app after Meituan widened its product range.

Alibababa’s Ele. me, also boosted its ￰18￱ three groups have pledged billions of dollars to expand their ￰19￱ analysts estimate the sector burned more than $4 billion in cash in the second quarter ￰20￱ smartest crypto minds already read our ￰21￱ in? Join them .