Source: China plans to impose a fine of ~$1B on Meituan in the coming weeks for abusing its market position (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Source: China plans to impose a fine of ~$1B on Meituan in the coming weeks for abusing its market position  —  - Firm criticized for practices like “pick one from two”  — SAMR had fined Alibaba $2.8 billion for similar violations  —  China plans to levy a roughly $1 billion fine …