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International

Chinese food delivery firm fined approximately $530 million

October 11, 2021 Reprints

China’s antitrust regulator has fined food-delivery company Meituan Inc. 3.4 billion Chinese yuan ($527.4 million) for abusing its dominant position in the market and forcing vendors to use its platform exclusively, Reuters reported. The regulator has also ordered Meituan to return nearly CNY1.3 billion to the vendors on its platform

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Chinese food delivery firm fined approximately $530 million

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