On March 25, Alibaba, Meituan, and JD.com saw a sharp rise in the afternoon. The State Administration for Market Regulation issued a statement on the same day saying, 'Price wars won't last; cutthroat competition has no winners. The food delivery war should come to an end.' Previously, on the 23rd, the Beijing Market Supervision Bureau summoned 12 platform companies to address the issue of 'internally competitive' practices. With regulators sending a strong signal, will the food delivery war finally end? Can the share prices of Alibaba, Meituan, and JD.com rebound?