Source: Tech – South China Morning PostChina fined on-demand service provider Meituan 3.44 billion yuan (US$533 million) on Friday for allegedly abusing its dominant market position by forcing merchants to “pick one from two”, putting an end to a five-month probe into monopolistic behaviour.The fine was equivalent to about 3 per cent of Meituan’s total domestic revenue of 114.7 billion yuan last year, according to the State Administration for Market Regulation (SAMR), China’s antitrust watchdog.The fine was smaller than previous…Read More