Shares of Chinese life services app Meituan have fallen more than 15% since Feb. 18 after Chinese authorities, including China’s National Development and Reform Commission (NDRC), issued a new guideline that requires goods delivery platforms to cut fees for restaurants. The move is designed to lower the operation fees for restaurant owners who have been hit by pandemic prevention measures, according to a statement announcing the guideline. Food delivery generated RMB 26.5 billion ($4.2 billion) for Meituan, 54.3% of the company’s revenue, in the third quarter of 2021. [NDRC announcement, in Chinese]