Chinese tech firm Meituan to face $1B fine in antitrust probe Turkey By Kemal Pasha On Aug 8, 2021 The Chinese company Meituan, which operates as a web-based shopping platform for locally found consumer products and retail services, is to face a $1 billion fine by the country’s antitrust regulators over its alleged abuse of dominant market position, the Wall Street Journal reported on Friday, citing people with knowledge on the issue. The penalty could be announced in the coming weeks, the newspaper said, adding that the food delivery giant would be required to revamp its operations. Meituan did not...