China’s market regulator hosted a seminar to address unfair competition in the food-delivery sector, reinforcing commentary from the state-backed Economic Daily calling for an end to persistent price wars. Though the original article was removed from official sites, its reposting via state channels suggests continued policy intent to curb subsidy-driven battles.

Alibaba shares rose 4.6% in the session, mirroring strong rallies from Meituan and JD.com, as investors priced in a shift away from aggressive promotions. Analysts forecast a scaling back of subsidies over coming months, which could mark a normalization phase and support improved margins across Alibaba’s e-commerce and delivery businesses.