China probes competition among food delivery platforms to curb price war
A Meituan delivery worker picks up a food order at a shopping mall in Beijing, China October 17, 2024. REUTERS/Florence Lo Purchase Licensing Rights, opens new tabCompaniesBEIJING, Jan 9 (Reuters) - China will investigate cutthroat competition among food delivery platforms operated by tech firms such as Meituan and Alibaba, aiming to rein in price wars that have eroded profits and contributed to deflationary pressures plaguing the economy.The State Council has decided to launch the investigation...
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