Tag: meituan

  • Food delivery giant, Meituan, fined

    New York Times wrote that China’s recent imposition of a hefty $530 million fine on Meituan, a leading food-delivery giant, marks a significant escalation in Beijing’s ongoing efforts to regulate the country’s internet companies. This move, following a string of similar actions, underscores the Chinese government’s commitment to reining in the immense power and influence…