China market regulator says it will tighten oversight of sharing economy

Reuters2021-08-30

BEIJING, Aug 30 (Reuters) - China's State Administration of Market Regulation $(SAMR.SI)$ said on Monday it would further regulate the sharing economy sector.

SAMR said on its website that price hikes in the system built around the sharing of resources were effectively contained due to its oversight.

The regulator also said it is investigating food delivery giant Meituan's acquisition of bike sharing company Mobike in 2018.

Separately, Meituan on Monday warned in a filing that it may be required to pay "a significant amount" of antitrust fines and posted a third consecutive quarterly loss as it continued to invest in expanding its various businesses.

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Comments

Jazling
2021-08-30
Jazling
Wow
- Jazling:
  Ok
littlekitten
2021-08-30
littlekitten
Cool
Kerrisdale
2021-08-30
Kerrisdale
[呆住]
- Dttk:
  ye
tucktan78
2021-08-30
tucktan78
Good
- tucktan78:
  good
Andersonkana
2021-08-30
Andersonkana
Good news
- MinM:
  Yeaaa
nelson21
2021-08-30
nelson21
Pls like and comment

Leave a comment

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