China's antitrust regulator fines delivery giant Meituan $527m

China's antitrust regulator fines delivery giant Meituan $527m

Photo: Meituan

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.

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