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China Probes Online Travel Giants for Unfair Practices
19 Sep
Summary
- China's market regulator launched an investigation into Meituan.
- Several online travel platforms are suspected of unfair competition.
- This action follows a broader crackdown on monopolistic behavior.
China's top market regulator has initiated an investigation into Meituan's unit, Beijing Sankuai Information Technology. The probe centers on suspected violations of unfair competition laws, a move that also ensnares Alibaba's unit, Hangzhou Taomei Aviation Services, alongside Tongcheng Network Technology and Tujia Online Information Technology. These companies are under scrutiny following preliminary findings by the State Administration for Market Regulation.
This action reflects Beijing's intensified efforts to curb monopolistic practices and stimulate the economy. The investigation into online hotel and travel booking platforms was confirmed by the China Hotels Association. Companies involved, including Meituan, Tongcheng, and Tujia, have publicly stated their commitment to cooperating with the authorities during this ongoing process.
