Alibaba Stock Jumps. China's Food Delivery War Just Took an Unexpected Twist. -- Barrons.com

Dow Jones

昨天

By George Glover

China's food-delivery war could be about to end. That's bad news for hungry shoppers, but good news for the country's e-commerce giants.

Food delivery platform operator Meituan's Hong Kong-listed shares closed 14% higher on Wednesday. American depositary receipts for online retailers Alibaba and JD.com jumped 2.6% and 4.3%, respectively, early Wednesday.

The rally came after China's State Administration for Market Regulation reposted a column by state-run newspaper Economic Daily that called for an end to the price war between food-delivery operators.

Investors saw that as a sign that the regulator may soon step in to end the battle.

Economic Daily said there had been a "severe shock to the pricing system of the catering industry," adding that this had resulted in lower quality and weaker profits.

Alibaba, JD.com, and Meituan have been locked in a brutal price war, particularly in food delivery, in a bid to boost sales volumes at a time when consumer spending in China has stagnated.

Alibaba's December-quarter earnings summed up how the battle is weighing on companies' bottom lines. Revenue rose 2%, narrowly below consensus forecasts but the company's net profit slumped 66% from a year ago to 15.63 billion yuan ($2.24 billion).

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 25, 2026 09:58 ET (13:58 GMT)

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China's Food Delivery War Just Took an Unexpected Twist. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  China's food-delivery war could be about to end. That's bad news for hungry shoppers, but good news for the country's e-commerce giants. \n</p>\n<p>\n  Food delivery platform operator Meituan's Hong Kong-listed shares closed 14% higher on Wednesday. American depositary receipts for online retailers Alibaba and JD.com jumped 2.6% and 4.3%, respectively, early Wednesday. \n</p>\n<p>\n  The rally came after China's State Administration for Market Regulation reposted a column by state-run newspaper Economic Daily that called for an end to the price war between food-delivery operators. \n</p>\n<p>\n  Investors saw that as a sign that the regulator may soon step in to end the battle. \n</p>\n<p>\n  Economic Daily said there had been a \"severe shock to the pricing system of the catering industry,\" adding that this had resulted in lower quality and weaker profits. \n</p>\n<p>\n  Alibaba, JD.com, and Meituan have been locked in a brutal price war, particularly in food delivery, in a bid to boost sales volumes at a time when consumer spending in China has stagnated. \n</p>\n<p>\n  Alibaba's December-quarter earnings summed up how the battle is weighing on companies' bottom lines. Revenue rose 2%, narrowly below consensus forecasts but the company's net profit slumped 66% from a year ago to 15.63 billion yuan ($2.24 billion). \n</p>\n<p>\n  Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 09:58 ET (13:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock Jumps. China's Food Delivery War Just Took an Unexpected Twist. -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock Jumps. China's Food Delivery War Just Took an Unexpected Twist. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-25 21:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  China's food-delivery war could be about to end. That's bad news for hungry shoppers, but good news for the country's e-commerce giants. \n</p>\n<p>\n  Food delivery platform operator Meituan's Hong Kong-listed shares closed 14% higher on Wednesday. American depositary receipts for online retailers Alibaba and JD.com jumped 2.6% and 4.3%, respectively, early Wednesday. \n</p>\n<p>\n  The rally came after China's State Administration for Market Regulation reposted a column by state-run newspaper Economic Daily that called for an end to the price war between food-delivery operators. \n</p>\n<p>\n  Investors saw that as a sign that the regulator may soon step in to end the battle. \n</p>\n<p>\n  Economic Daily said there had been a \"severe shock to the pricing system of the catering industry,\" adding that this had resulted in lower quality and weaker profits. \n</p>\n<p>\n  Alibaba, JD.com, and Meituan have been locked in a brutal price war, particularly in food delivery, in a bid to boost sales volumes at a time when consumer spending in China has stagnated. \n</p>\n<p>\n  Alibaba's December-quarter earnings summed up how the battle is weighing on companies' bottom lines. Revenue rose 2%, narrowly below consensus forecasts but the company's net profit slumped 66% from a year ago to 15.63 billion yuan ($2.24 billion). \n</p>\n<p>\n  Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 09:58 ET (13:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0862451837.USD","symbol_name":"JPM EMERGING MARKETS DIVIDEND \"A\" (USD) INC (M)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622816074","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622816074","pubTimestamp":1774447080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"China's food-delivery war could be about to end. 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Global Emerging Markets Dynamic AS SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0054237671.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" INC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1044874839.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"AGH\" (SGDHDG) ACC","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC"},"translate_title":"阿里巴巴-SW股价上涨。中国的外卖大战刚刚发生了意想不到的转折。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89988":0.6,"BABA":1.93,"09988":1.93,"KJD":0.6,"BBYY":0.6,"BABX":0.6,"BABW":0.6,"JD":1.87,"KBAB":0.6,"09618":1.87,"BABU":0.6,"BABO":0.6,"HBBD.SI":0.6,"MPNGY":1.85,"03690":1.85},"content_text":"By George Glover \n\n\n  China's food-delivery war could be about to end. That's bad news for hungry shoppers, but good news for the country's e-commerce giants. \n\n\n  Food delivery platform operator Meituan's Hong Kong-listed shares closed 14% higher on Wednesday. American depositary receipts for online retailers Alibaba and JD.com jumped 2.6% and 4.3%, respectively, early Wednesday. \n\n\n  The rally came after China's State Administration for Market Regulation reposted a column by state-run newspaper Economic Daily that called for an end to the price war between food-delivery operators. \n\n\n  Investors saw that as a sign that the regulator may soon step in to end the battle. \n\n\n  Economic Daily said there had been a \"severe shock to the pricing system of the catering industry,\" adding that this had resulted in lower quality and weaker profits. \n\n\n  Alibaba, JD.com, and Meituan have been locked in a brutal price war, particularly in food delivery, in a bid to boost sales volumes at a time when consumer spending in China has stagnated. \n\n\n  Alibaba's December-quarter earnings summed up how the battle is weighing on companies' bottom lines. Revenue rose 2%, narrowly below consensus forecasts but the company's net profit slumped 66% from a year ago to 15.63 billion yuan ($2.24 billion). \n\n\n  Write to George Glover at george.glover@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 09:58 ET (13:58 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}