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China investigates Meituan and Alibaba units for suspected antitrust violations
SHANGHAI: China’s market regulator is investigating Meituan unit Beijing Sankuai Information Technology for suspected violations of unfair competition laws, the country’s official CCTV broadcaster reported on Saturday. China has been cracking down on monopolistic behaviour, most recently fining Trip.com 5.2 billion yuan ($776.41 million) over what the regulator said was its online hotel-booking monopoly, as Beijing struggles to bolster consumption amid a slowing economy. The Beijing branch of the State Administration for Market Regulation said Alibaba unit Hangzhou Taomei Aviation Services, To...
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