China’s Antitrust Regulator Preparing to Fine Meituan $1bn – WSJ

China’s antitrust regulator is planning to impose a fine of about $1 billion on Meituan for allegedly abusing its dominant market position, the Wall Street Journal reported on Friday, citing unnamed sources.

The food delivery company will also be required to revamp its operations with the penalty likely to be announced in coming weeks, the paper said. Full report: Wall Street Journal.

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Beijing out to kill abuses by its tech giants

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

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