Meituan Shares Leap After State Media and Regulator Urge End to Food-Delivery Price War
Meituan's Hong Kong-listed stock climbed sharply after a state-affiliated newspaper and the State Administration for Market Regulation signaled an end to aggressive discounting among food-delivery platforms. The move sparked gains across peers, with Alibaba and JD.com rising more than 3% as markets priced in a potential shift away from loss-leading…