Meituan to be Fined $1 Billion for Suspected Monopolistic Market Behavior
Chinese antitrust regulators are considering to fine Meituan, the country’s largest online catering platform, about $1 billion for allegedly monopolistic behavior, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
According to the sources, the fine may be announced in the next few weeks. Meituan will…
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