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Fengyang housing regulator ends anticompetitive practice after probe by Chinese regulator

( February 7, 2024, 07:19 GMT | Official Statement) -- MLex Summary: The Fengyang county-level housing and urban-rural development bureau has been deemed by the Anhui provincial Administration for Market Regulation to have engaged in anticompetitive conduct by designating two companies as the suppliers of bike-sharing services in the county. The Fengyang housing regulator had no legal ground to designate providers of bike-sharing services through a public bidding process, which excluded other qualified operators from entering the market, the Anhui market regulator said in a statement. The Fengyang housing regulator has taken corrective measures to restore competition after the Anhui market regulator opened an investigation into the case in September last year.The statement follows:...

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