Meituan, JD Shares Rise After China Moves to Defuse Food Wars
PositiveFinancial Markets

Shares of Meituan and JD.com have surged following China's market watchdog's efforts to reduce fierce competition in the meal delivery sector. This move is significant as it aims to stabilize the market, benefiting both companies and consumers by potentially leading to better services and prices. Investors are optimistic about the future of these leading firms in a more regulated environment.
— Curated by the World Pulse Now AI Editorial System