News Digest / Ticker: 3690.HK

Ticker: 3690.HK

02:32am, Monday, Jul 21, 2025

Meituan Shares Surge 5% After Beijing Clamps Down on Price War in Food Delivery

China's food delivery stocks surged after regulators urged Meituan, JD.com, and Alibaba to curb aggressive price-cutting. This move aims to stabilize margins and foster a healthier market amid intense competition.