FOX BIZ NEWS: China’s antitrust regulator planning to fine Meituan about $1 billion

China’s antitrust regulator planning to fine Meituan about $1 billion



China’s antitrust regulator is preparing to impose a roughly $1 billion fine on food-delivery giant Meituan for allegedly abusing its dominant market position to the detriment of merchants and rivals, according to people familiar with the matter.