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• China's State Administration for Market Regulation released draft guidelines designed to restrict aggressive subsidy behavior by food delivery operators, citing destructive competitive practices.
• The proposed rules would prohibit platforms from coercing merchants into subsidy programs, leveraging financial strength unfairly, or pricing below cost.
• Major players Meituan and Alibaba's Taobao Shangou both pledged to comply with the new framework, viewing it as establishing clearer operational guidelines.
• Meituan recently reported its third consecutive quarterly loss, though revenue met projections as rivalry with competitors like JD's instant retail division showed signs of moderating.
• Chinese regulators launched an enforcement campaign extending through December targeting excessive price competition across multiple sectors including food delivery and live-streaming commerce.

An original AI summary — not the source text. Read the full article at the source.

• Coach unveiled a persistent digital platform emphasizing unfiltered storytelling and shared creative involvement with Gen Z audiences and culture influencers.
• The initiative features a diverse lineup of launch partners including musician Charli XCX, WNBA athlete Angel Reese, activist Malala Yousafzai, and others spanning music, film, sports, and activism.
• Dedicated social accounts on Instagram and TikTok (@and.coach) serve as primary distribution channels, with plans for future expansion and additional collaborators.
• The platform was developed with Gen Z creatives and support from United Talent Agency's Next Gen Practice and creative agency Marcel, positioning the brand as identity-enhancing rather than status-driven.
• Coach's parent company Tapestry reported 31% year-over-year revenue growth for the brand in fiscal Q3 2026, with full-year sales projected at $7.95 billion.

An original AI summary — not the source text. Read the full article at the source.