---
title: "Chinese food delivery giants surge as regulator, state media call end to price war"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280424369.md"
datetime: "2026-03-25T06:47:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280424369.md)
  - [en](https://longbridge.com/en/news/280424369.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280424369.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280424369.md) | [繁體中文](https://longbridge.com/zh-HK/news/280424369.md)


# Chinese food delivery giants surge as regulator, state media call end to price war

HONG KONG, March 25 (Reuters) - Hong Kong-listed shares of delivery platform Meituan (3690.HK) surged on Wednesday after Chinese state media and the regulator urged the industry to end a bleeding price war.

-   Meituan (3690.HK) surged as much as 12.6% to a high of HK$89 a share in afternoon trading
-   Rival Alibaba (9988.HK) and JD.com (9618.HK) both jumped more than 3%.
-   State media Economic Daily published an opinion piece on Wednesday, calling an end to the bruising price war among food delivery platforms
-   State Administration for Market Regulation later reposts the piece to its official website in a sign of regulator endorsement.
-   “The entire industry has fallen into a vicious cycle of losing money in an attempt to grab market share, ultimately dragging down the broader trend of consumption recovery,” the report said.

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