Meituan Makes Gains in Luxury Hotels as Chinese Government Reshapes Online Sector

Meituan Makes Gains in Luxury Hotels as Chinese Government Reshapes Online Sector


Skift Take: The Chinese government, for better or worse, is exacting a toll on online platforms in its anti-monopoly drive. Meituan's penalty amounted to 3 percent of revenue, and it is being forced to implement additional reforms.

— Dennis Schaal

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* This article was originally published here

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