The science and technology sector's stocks surged in the afternoon, with Meituan rising more than 10%. Industry insiders: Regulation may end the food delivery subsidy war.

In the afternoon of March 25th, tech stocks suddenly surged, with the three food delivery giants leading the gains. Meituan rose by over 10%, Alibaba by over 5%, and JD by over 4%. On the news front, on March 25th, the official website of the State Administration for Market Regulation reprinted an article from the Economic Daily titled "The Food Delivery War Should End." Industry insiders interpreted this as conveying the attitude of regulation, signaling the start of a new round of anti-"enclosure" competition, or perhaps pressing the stop button on the food delivery subsidy war that has been going on for nearly a year.