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

Meituan, 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 with a series of discounts and subsidies aimed at carving out a greater share of the $80 billion-plus food delivery market.