1. Beijing Intervenes: Meituan & Alibaba Shares Surge as Regulators Vow to End Food-Delivery Price Wars
A direct intervention from Beijing's regulators has sent shockwaves through China's hyper-competitive food-delivery sector, triggering a sharp rally in the stocks of its dominant players. Shares of Meituan and Alibaba Group Holding Ltd. jumped after authorities explicitly vowed to end the intense price wars that have b...