China carries out administrative guidance in relation to the employment for leading platforms and delivery firms, Xinhua reports

• "The meeting required these companies to fully implement their responsibilities as employers, continuously improve labor management, and effectively protect the rights and interests of workers in new employment forms.", STCN reports.
• Of note for/firms relating to Meituan, Alibaba and JD.com

This regulatory guidance from China focuses on improving labor management among major employment platforms like Alibaba, JD.com, and Meituan. It signals an increased emphasis on workers' rights and could impact operational costs or compliance burdens for these firms, possibly influencing investment sentiment in related equities and the broader consumer services sector.