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China's Hangzhou regulator summons Meituan, Ele.me over 'vicious' competition

China's Hangzhou regulator summons Meituan, Ele.me over 'vicious' competition

Reuters · 07/28/2022 08:08
China's Hangzhou regulator summons Meituan, Ele.me over 'vicious' competition

- China's Hangzhou market regulator said on Thursday it had summoned Meituan MPNGY, Ele.me and other take-out delivery platforms over "vicious" price-cutting and poor regulation.

The market regulator said in a on its website that it strictly prohibits "vicious" competition among restaurant businesses, urging the relevant platforms to prioritise food security issues, and strictly fulfill their responsibilities in accordance with the law.


(Reporting by Hong Kong ; editing by Jason Neely)

((Ella.Cao@thomsonreuters.com;))