China Hong Kong China Hong Kong

China probes takeout firm Meituan over antitrust concerns

Reading now: 759
www.clickorlando.com

HONG KONG – China’s market regulator said Monday it has launched a probe into suspected monopolistic behavior by food delivery firm Meituan.

The investigation comes amid increased scrutiny of internet companies suspected of anti-competitive practices. The State Administration for Market Regulation said in a statement that it was looking into Meituan’s policies, including exclusivity arrangements known as “pick one of two.” Such practices are common in China, where e-commerce providers sometimes force merchants to exclusively sell their goods and services on just their internet platform.

Meituan, which competes with Alibaba’s Ele.me food delivery platform in China, said in a statement posted on the microblogging platform Weibo that it

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA