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asia policy

China’s Antitrust Regulator Plans to Fine Meituan $1 Billion

By
Juro Osawa
· · Source: The Wall Street Journal

China’s market regulator plans to impose a roughly $1 billion anti-monopoly fine on the country’s largest food delivery and on-demand services app Meituan, the Wall Street Journal reported. The State Administration for Market Regulation is alleging that Meituan abused its dominant market position and pressured merchants to avoid working with other platforms that compete with Meituan, according...

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