Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

China’s Anti-Trust Regulator Shifts Focus To Meituan
Published on: 2021-04-28
Share to
User Rating: / 0
PoorBest 

China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan.
 

The State Administration for Market Regulation is looking into alleged abuses including forced exclusivity arrangements known as “pick one of two,” employing the same language in a probe into Ma’s Alibaba Group Holding Ltd. that ended with a $2.8 billion fine. China’s third largest internet company recouped early losses to rise as much as 3.1% Tuesday after Nomura analysts estimated Meituan may have to fork over just 4.6 billion yuan based on Alibaba’s punishment.
 

The antitrust campaign has gathered pace in recent weeks, as regulators slapped a record fine on Alibaba, instructed affiliate Ant to overhaul its business and ordered 34 of its largest tech companies -- including Meituan -- to rectify any anti-competitive business practices within one month. Following the meeting with SAMR, the Beijing-based firm issued a pledge to abide by antitrust laws, saying it will maintain market order and won’t force merchants to “pick one of two” -- forcing them to select betweens Meituan or a rival -- through unreasonable methods.
 

反垄断第二刀挥向美团:被指责“二选一”最高或被罚114.8亿元

4月26日下午,美团被立案调查的消息瞬间刷屏,并迅速冲上热搜榜。起因来自国家市场监管总局发布的一则公告:根据举报,依法对美团实施“二选一”等涉嫌垄断行为立案调查。这是继阿里巴巴之后,第二家被反垄断调查的互联网大厂。
 

对于被调查,美团反应速度很快,没多久就发公告表明态度,“公司将积极配合监管部门调查,进一步提升业务合规管理水平,保障用户以及各方主体合法权益,促进行业长期健康发展,切实履行社会责任。”美团还强调,目前公司各项业务正常运行。

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2021 BusinessTianjin.com. All rights reserved.