Alibaba, JD, Meituan rally as China urges price war truce
Shares of Meituan, Alibaba, and JD.com surged in Hong Kong after China's market regulator urged them to curb aggressive food delivery promotions. The directive aims to reduce excessive discounts and encourage rational competition. The move is expected to ease a costly price war and boost investor sentiment. Alibaba and JD stocks may extend gains as US markets open on Monday.