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Hangzhou market regulator summoned Meituan, Ele.me and other food delivery platforms over poor regulation and price-cutting | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

China’s Hangzhou market regulator said it had summoned on-demand services giant Meituan, Ele.me and other food delivery platforms this month for talks over “vicious price-cutting” and poor regulation, according to a statement released by the regulator. The Hangzhou municipal market supervision bureau said in a notice on its website on Thursday that it summoned food delivery platforms on July 21 to “strengthen the food safety supervision of food delivery platforms”. The market regulator said it strictly prohibited “vicious, low-price competition” and that the relevant delivery platforms would be responsible for food safety in accordance with the law. The news comes…

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