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asia policy

China Slaps Meituan With $533 Million Anti-Monopoly Fine

By
Juro Osawa
· · Source: The Information

China’s market regulator has slapped Meituan, the country’s biggest food delivery and on-demand services app, with an anti-monopoly fine of more than $500 million. The penalty for Meituan is part of the Chinese government’s broader regulatory crackdown on the country’s biggest internet companies such as Alibaba, Tencent and Didi. The size of Meituan’s fine is smaller than the regulator’s...

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