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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 (Sept 19)

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中国对美团和阿里巴巴旗下公司涉嫌违反反垄断法展开调查

The Beijing branch of the State Administration for Market Regulation said Alibaba unit Hangzhou Taomei Aviation Service was subject to investigation after preliminary findings. - Photo: Reuters

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 (Sept 19).

China has been cracking down on monopolistic behaviour, most recently fining Trip.com 5.2 billion yuan (S$993 million) over what the regulator said was its online hotel-booking monopoly, as Beijing struggles to bolster consumption amid a slowing economy.

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