China investigates Meituan and Alibaba units for suspected antitrust violations
SHANGHAI: China’s market regulator is investigating Meituan unit Beijing Sankuai Information Technology for suspected violations of unfair competition laws, the country’s official CCTV broadcaster reported on Saturday. China has been cracking down on monopolistic behaviour, most recently fining Trip.com 5.2 billion yuan ($776.41 million) over what the regulator said was its online hotel-booking…
China's market regulator, the State Administration for Market Regulation (SAMR), is investigating units of Meituan and Alibaba for suspected antitrust violations, according to CCTV broadcaster CCTV. The investigation targets Beijing Sankuai Information Technology, Hangzhou Taomei Aviation Services, Tongcheng Network Technology, and Tujia Online Information Technology (Tianjin).
The regulator has been tightening its grip on monopolistic behavior, recently fining Trip.com 5.2 billion yuan for its dominance in the online hotel-booking market. Beijing Sankuai, Hangzhou Taomei, Tongcheng, and Tujia have all stated that they are cooperating with the authorities. The China Hotel Association reported that SAMR has initiated an investigation into four online hotel and travel booking platforms, following a meeting between the regulator and the Ministry of Culture and Tourism.
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