China fines Pinduoduo and Meituan for veggie discounts too big

Community group buying harms local merchants, authorities say

20210303N China market

The apps of Pinduoduo, Meituan and others offer vegetables and other perishable foodstuffs at prices well below what are found at neighborhood markets. © Reuters

NAOKI MATSUDA, Nikkei staff writer

SHANGHAI -- China's antitrust watchdog has levied fines against Pinduoduo, Meituan and three other online sellers, saying they engaged in improper pricing practices that threaten to undercut small businesses.

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