Meituan faces a big fine for antitrust violation, just like Alibaba, analysts say

//Meituan faces a big fine for antitrust violation, just like Alibaba, analysts say

Meituan faces a big fine for antitrust violation, just like Alibaba, analysts say

Meituan, the country’s largest on-demand delivery service provider, is facing a likely fine of billions of yuan as a result of an antitrust probe from Beijing regulators, a fate similar to what befell Alibaba Group Holding after the recent conclusion of another investigation, according to analysts.China’s State Administration for Market Regulation (SAMR), the country’s antitrust watchdog, announced the investigation into Meituan on Monday with a one-line statement on its website. The agency is…

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

By | 2021-04-28T11:00:23+00:00 April 28th, 2021|Technology|Comments Off on Meituan faces a big fine for antitrust violation, just like Alibaba, analysts say