China fines food delivery giant Meituan $715m for monopolistic behaviour

October 08, 2021 7:24 PM

BEIJING (AFP) – China has fined food delivery giant Meituan 3.4 billion yuan (S$715 million) for monopolistic practices and ordered it to undertake a “comprehensive rectification”, the market watchdog said Friday.

Source : http://www.straitstimes.com/business/companies-markets/china-fines-food-delivery-giant-meituan-715m-for-monopolistic-behaviour