🇨🇳 China files new antitrust action against a top food delivery company
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Say this for Chinese antitrust officials: They are staying even busier than those in America. The latest action is against Meituan: Meituan is a giant food delivery company, similar to if you combined Instacart and DoorDash and just about every other delivery company out there, not to mention Groupon and Trip Advisor. Its valuation when it filed for an IPO was $60 billion, and it has more than half a billion users. Companies this large have had major trouble lately from the Chinese government.
🇨🇳 China files new antitrust action against a top food delivery company
🇨🇳 China files new antitrust action against…
🇨🇳 China files new antitrust action against a top food delivery company
Say this for Chinese antitrust officials: They are staying even busier than those in America. The latest action is against Meituan: Meituan is a giant food delivery company, similar to if you combined Instacart and DoorDash and just about every other delivery company out there, not to mention Groupon and Trip Advisor. Its valuation when it filed for an IPO was $60 billion, and it has more than half a billion users. Companies this large have had major trouble lately from the Chinese government.