** Hong Kong shares of Chinese e-commerce giant JD.com 9618.HK fall 7.8% to HK$122.10, their lowest since September 24, 2024
** Stock set for the biggest one-day pct drop since April 7; top loser on Hang Seng Index .HSI, which is down 1.1%
** Chinese authorities have asked e-commerce platform operators to stop insisting on merchants refunding customers without requiring the return of goods, to alleviate financial pressure on merchants, two people familiar with the matter said
** The government met operators including PDD PDD.O and concluded the practice must end by July, the people said, without specifying dates
** PDD and peer JD.com declined to comment, while Alibaba did not respond to requests for comment
** JD.com also calls out anti-competitive pressures on food delivery couriers
** Hong Kong shares of Alibaba 9988.HK eases 2.2%, food courier Meituan 3690.HK drops 5.4%
** Hang Seng Commerce & Industry Index .HSNC falls 1.6%, Hang Seng Tech Inded .HSTECH drops 2.1%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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