Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Photo: Bloomberg
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Photo: Bloomberg
Meituan

China food delivery giant Meituan reports 10bn yuan loss after paying antitrust fine

  • China’s biggest on demand food delivery provider Meituan reported a 10 billion yuan loss in Q3 after getting hit with an antitrust fine
  • Chinese regulators are taking a much tougher stance on the country’s increasingly powerful tech giants

Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Photo: Bloomberg
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Photo: Bloomberg
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