# Economic Regulation

China Signals the End of the ‘Takeout Wars’ as Regulators Prioritize Stability Over Subsidies

Chinese regulators have intervened to end a massive $110 billion subsidy war between Meituan, Alibaba, and JD.com, citing economic instability and deflationary pressure. The move signals a shift for platform giants toward profitability and service-based competition rather than capital-fueled market share grabs.