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Alibaba, Meituan and JD Vow End to Food Delivery Price War

A food delivery courier for Meituan in Beijing, China.Source: BloombergMeituan, Alibaba Group Holding Ltd., and JD.com Inc. vowed Friday to curb “disorderly competition” and cease the price-based rivalry that’s threatened to erode margins and prompted warnings from government agencies.Hong Kong-listed shares in all three companies rose after they issued statements within minutes of each other pledging to promote a fair business environment. The three companies have sought to out-do each other wi...

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