Since last year, a string of Chinese internet heavyweights, including Alibaba Group Holding, Tencent, JD and Suning.com, have been investigated or fined for alleged monopolistic behavior. On October 8th, 2021, the State Administration for Market Regulation (SAMR), China's top market regulator, imposed a huge fine on food delivery giant Meituan for its monopolistic behavior. Big internet platform companies shall realize that they need to take more care of their business policies to avoid antitrust punishment. Let's check in details the Meituan case.
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