China probes food delivery giant Meituan


Meituan is the latest target in China’s crackdown on the its internet platform economy.

China’s market regulator revealed on Monday that it has launched an antitrust investigation into the food delivery gian.

The State Administration for Market Regulation (SAMR) said in a statement that its investigaton is focused on Meituan’s purported monopolistic behaviour.

Meituan, on the other hand,said in a statement that it would cooperate with the investigation and that its business was operating normally.

Earlier this month, the SAMR imposed a record $2.75 billion fine on e-commerce giant Alibaba over the same practice, and summoned 34 internet companies including Meituan for a meeting warning them to learn from Alibaba’s penalty and stop using any banned practices.