GO
| HSI1 | 25,335.95 | +272.24 | 350.93B |
| HSCEI1 | 8,582.74 | +83.21 | 156.54B |
| Back Zoom + Zoom - Block Traded | |
|
MEITUAN Hyped Up 10% After Midday; BABA-W, JD-SW Rise 4%+; SAMR Reposts Commentary Urging End to Food Delivery War
2026-03-25 13:47:53 MEITUAN-W (03690.HK), set to announce its results tomorrow, experienced a sudden spike after midday. It last traded at HKD87.1, up 10.25%, with a volume of 98.9688 million shares, involving HKD8.364 billion. BABA-W (09988.HK) and JD-SW (09618.HK) also made a leap of over 4%. The official website of the State Administration for Market Regulation (SAMR) reposted a commentary from Economic Daily titled "The Food Delivery War Should End". It states that the food delivery war affects not only the accounts of restaurant owners but also the livelihoods of ordinary people. Healthy competition should be a virtuous contest of technological innovation, efficiency improvement, and service optimization, rather than a capital-driven money-burning game. The article suggests that food delivery prices should return to a reasonable range, freeing the dining industry from the dilemma of "no subsidies, no survival; with subsidies, chaos ensues". ~ AAStocks Financial News Web Site: www.aastocks.com | |