Meituan and Didi Chuxing warned by China’s pricing watchdog to protect ‘market price order’

  • Meituan, Didi, and six other sharing economy platforms have 30 days to make pricing more transparent
  • The pricing bureau of the country’s top market regulator slapped Zuoyebang and Yuanfudao, two leading edtech companies, with maximum fines last month

Commuters wearing face masks browse their smartphones as they walk by a mobile phone app advertisement at a subway station in Beijing. Photo: AP
China’s pricing watchdog, a bureau within the country’s top market regulator, summoned Meituan, Didi Chuxing and six other sharing economy platforms on Thursday for a stern reminder to toe the regulatory line in a sign of sustained regulatory scrutiny on the country’s tech sector.
The bureau told on-demand service giant Meituan, Didi Chuxing’s bike-sharing service Didi Bike, Hellobike and five power bank sharing companies including Nasdaq-listed Energy Monster to increase compliance and make their pricing rules more transparent to build a “sound market price order”, according to a statement on the State Administration for Market Regulation (SAMR)’s website.
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