HK Stock Market Move | Meituan-W (03690) surges over 11% in the afternoon, official statement indicates that the food delivery war should come to an end.

MEITUAN-W (03690) rose more than 11% in the afternoon, up 11.01% to 87.7 Hong Kong dollars with a transaction volume of 6.25 billion Hong Kong dollars as of the time of writing. On the news front, Meituan is scheduled to hold a board meeting on March 26 (Thursday) to consider and approve the group's full-year performance for the year ending December 31, 2025. Additionally, on March 25, the official website of the State Administration for Market Regulation reposted an article titled "The Takeout Battle Should End" from the Economic Daily. The article mentioned that at a recent press conference, the Market Regulation Administration disclosed the latest progress in the anti-monopoly investigation of food delivery platforms, stating that regulatory authorities have entered relevant platforms for on-site investigations and will further convey regulatory pressure through questionnaires, inspections, and other means, and research and implement disposal measures. This conveys the regulatory attitude to the market: the crazy takeout battle must come to an end!