Posted inChina

China fines delivery giant Meituan over monopoly

China has fined food delivery giant Meituan 3.4 billion yuan (US$527 million) for monopolistic practices and ordered it to undertake a “comprehensive rectification,” the market watchdog said Friday.  Authorities have launched a crackdown on a range of homegrown tech behemoths – including Meituan, ride-hailing giant Didi Chuxing and e-commerce titan Alibaba – for alleged monopolistic […]