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.