Day: October 8, 2021

Chinese Delivery Giant Meituan Handed $527 Million Antitrust Fine | Investing News

BEIJING (Reuters) -China’s antitrust regulator has fined food delivery giant Meituan 3.4 billion yuan ($527.4 million) for abusing its dominant market position, the watchdog said on Friday, the latest penalty in Beijing’s clampdown on online platforms. The fine equates to 3% of the company’s domestic sales in 2020, the regulator said, adding that Meituan should