Tag: fine
Written by Linda D. MohlerOctober 18, 2021
This Chinese Tech Giant Just Got a Big-Time Fine, So Why Is Its Stock Skyrocketing?
Food & Cooking News Article
Chinese stocks have sold off en masse since the Spring, but is now the time for aggressive investors to go bargain-hunting in the Middle Kingdom? One indication could be the recent case of Meituan (OTC:MPNGF), the largest food delivery company in China, with businesses in daily deals, hotel bookings, community e-commerce, restaurant software, and grocery
Written by Linda D. MohlerOctober 8, 2021
Chinese Delivery Giant Meituan Handed $527 Million Antitrust Fine | Investing News
Food & Cooking News Article
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
Written by Linda D. MohlerJune 7, 2020
The fine dining restaurants now delivering food
Food & Cooking News Article
Restaurants and the hospitality industry have been hit hard by lockdown measures, and many have introduced delivery services to help them survive. Let’s face it, we’re all getting tired of our own cooking after ten weeks into being stuck at home, and a takeaway satisfies our cravings for flavoursome food from our favourite eateries. Some,