China. Meituan attracts the wrath of Beijing

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22 October 2021 à 12h45

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1 minute

Publication: 22 October 2021 à 12h45

Reading time: 1 minute

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Publication

22 October 2021 à 12h45

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1 minute

Publication: 22 October 2021 à 12h45

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In mid-October, The Chinese delivery platform Meituan (which delivers for restaurants and retailers) was fined US$533 million for anti-competitive practices.

According to the regulator, Meituan (whose market capitalisation is still US$200 billion) forced merchants to sell exclusively on its platform, a practice known in China as “er xuan yi”, or “choose one among two”. The fine represents 3% of annual turnover, which reached US$17.8 billion in 2020. Meituan is required to restructure

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