Chinese directive asking on-demand platforms to lower merchant fees triggers sell off in Meituan shares in Hong Kong

Source: Tech – South China Morning PostA new Chinese government directive ordering internet platforms to lower the fees they charge restaurants dealt a heavy blow to the shares of Meituan, China’s on-demand delivery giant, as the ruling could shrink the platform’s revenues.Meituan’s shares plunged 14.9 per cent in Hong Kong on Friday after China’s regulators ordered platforms to lower their charges.The new guidelines, published by the National Development and Reform Commission, are aimed at helping the service sector recover from…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy