Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’

Source: Tech – South China Morning PostChina’s pricing watchdog, a bureau within the country’s top market regulator, summoned Meituan, Didi Chuxing and six other sharing economy platforms on Thursday for a stern reminder to toe the regulatory line in a sign of sustained regulatory scrutiny on the country’s tech sector.The bureau told on-demand service giant Meituan, Didi Chuxing’s bike-sharing service Didi Bike, Hellobike and five power bank sharing companies including Nasdaq-listed Energy Monster to increase compliance and make…Read More

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