Antitrust Antitrust

Meituan fined 3.44 billion yuan by China's SAMR for antitrust violation

By Yonnex Li
  • 08 Oct 2021 04:34
  • 08 Oct 2021 05:04
Chinese food delivery platform Meituan will pay a fine of 3.44 billion yuan ($534 million) for violating China's antitrust law, the country's competition regulator said.
The company was found to have engaged in abusive behavior in breach of the Antimonopoly Law, the State Administration for Market Regulation, or SAMR, said in

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Yonnex Li

Chief Correspondent, Greater China

Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management industry as well as currency and financial reforms.

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