hinese food-delivery giant Meituan was fined more than $533 million on Friday for engaging in anticompetitive practices, the latest move by Beijing in a yearlong regulatory crackdown aimed at reining in the country’s powerful tech companies. Such exclusivity arrangements have forced many small businesses to pick sides in China’s competitive internet retail industry and have been at the center of Beijing’s recent regulatory actions against technology companies. In April, authorities fined e-commerce giant Alibaba Group Holding Ltd. a record $2.8 billion for engaging in the practice. China’s top antitrust body, the State Administration for Market Regulation, said Meituan had violated…