---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39502413.md"
description: "Forwarding a news piece today that had a major impact on the Hang Seng 'Food Delivery' Index. The crux: the State Administration for Market Regulation reposted an Economic Daily op-ed arguing the 'food-delivery price war' should end soon. Of course, this is not the first such line from state media, nor an official SAMR stance; it was merely a repost, though it may hint at regulators' leanings.However, Dolphin Research believes that unless regulators step in and forcefully halt delivery subsidies, competition will still be driven by companies' own goals and appetite. As such, the actual impact of this 'signal' is uncertain; it mainly lifts sentiment and could accelerate participants' subsidy rollbacks and loss reduction. $Alibaba(BABA.US) $MEITUAN(03690.HK) $JD.com(JD.US)"
datetime: "2026-03-25T06:08:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39502413.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39502413.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39502413.md)
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39502413.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39502413.md)


# Forwarding a news piece today that had a major imp…


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## Comments (4)

- **神不懂趋势 · 2026-03-25T09:12:24.000Z · 👍 1**: After the new year, the three platforms have become increasingly unfriendly to merchants. The order price has increased, and the production time has also been shortened...
- **logic_s · 2026-03-25T07:38:32.000Z**: An olive branch has been extended, let's see if Alibaba takes it.
- **4月是你的谎言 · 2026-03-25T06:20:30.000Z · 👍 1**: These three companies should go to the Supervision Bureau to negotiate, either choose to be subsidized as much as they are fined
- **大佬路边摊 · 2026-03-25T06:13:54.000Z**: This counts as a warning, does Alibaba still dare to openly lose money on subsidies?