Meituan Jumps With Food Delivers as Beijing Targets Price Wars
Beijing-based Meituan climbed as much as 5% in Hong Kong after the State Administration for Market Regulation summoned the three largest food-delivery firms to a meeting Friday and required them to further regulate their promotions. JD.com climbed as much as 3.6%, while Alibaba Group Holding Ltd., which owns Ele.me, rose 2.6%.
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