Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’

//Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’

Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’

China’s pricing watchdog, a bureau within the country’s top market regulator, summoned Meituan, Didi Chuxing and six other sharing economy platforms on Thursday for a stern reminder to toe the regulatory line in a sign of sustained regulatory scrutiny on the country’s tech sector.The bureau told on-demand service giant Meituan, Didi Chuxing’s bike-sharing service Didi Bike, Hellobike and five power bank sharing companies including Nasdaq-listed Energy Monster to increase compliance and make…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-06-04T11:00:16+00:00 June 4th, 2021|Technology|Comments Off on Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’