Amid stepped-up regulatory scrutiny of Big Tech firms in China, the country’s antitrust watchdog is reportedly getting ready to hit food delivery platform Meituan with an almost $1 billion financial penalty, The Wall Street Journal reported on Friday (Aug. 6). The fine could be revealed in the weeks to come. Moreover, Meituan would have to change its business processes and put a stop to the “choose one out of two” practice, which is also known as “er xuan yi.” This practice, which entails exclusivity deals, has forced a number of small companies to choose sides in the nation’s hot retail...