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Meituan, Ele.me summoned by China's Hangzhou regulator over "low-price" competition

( July 29, 2022, 04:17 GMT | Official Statement) -- MLex Summary: Meituan and Ele.me are among the food-delivery platforms recently summoned by China's market regulator in the city of Hangzhou for vicious, low-price competition found within the sector. Competing in this way always brings about food-safety problems, the local branch of the State Administration for Market Regulation said in a statement posted on its website, barring the companies from engaging in such competition. The platforms should self-inspect and correct their practices, the statement said. The statement follows:...

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