Morgan Stanley reiterated its preference for Alibaba Group within the Chinese e-commerce sector, placing it ahead of competitors like PDD Holdings, MEITUAN, and JD.com. The investment bank's research report highlighted Alibaba's position as the "best AI enabler in China" as a key factor for its positive outlook. The report was released following China's State Administration for Market Regulation (SAMR) issuing new 'Basic Requirements for Food Delivery Platform Service Management'. Morgan Stanley forecasts that competition within the food delivery industry will likely peak in the third quarter of 2025 and begin to ease in the fourth quarter, a trend that could benefit Alibaba's related businesses. No significant market reaction was noted in the available reports.