China Orders Didi, Meituan to Rectify Ride-Hailing Abuses

China Orders Didi, Meituan to Rectify Ride-Hailing Abuses
May 14 2021, 4:30 PM
May 14 2021, 1:29 PM
May 14 2021, 4:30 PM
(Bloomberg) -- China’s antitrust watchdog ordered Didi Chuxing, Meituan and eight other leaders in on-demand transport to halt practices from arbitrary price hikes to unfair treatment of drivers, expanding a crackdown on the country’s internet giants.
(Bloomberg) -- China’s antitrust watchdog ordered Didi Chuxing, Meituan and eight other leaders in on-demand transport to halt practices from arbitrary price hikes to unfair treatment of drivers, expanding a crackdown on the country’s internet giants.
Regulators including the State Administration for Market Regulation and transport ministry summoned executives from the 10 companies, which included shipping services Full Truck Alliance and Huolala, to a meeting Friday, the state-backed China Transport News reported. The companies were criticized for violating drivers’ interests and perpetuating a monopoly on freight data, among other issues, and asked to fix those problems.

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