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.
Community group buying harms local merchants, authorities say
The apps of Pinduoduo, Meituan and others offer vegetables and other perishable foodstuffs at prices well below what are found at neighborhood markets. © Reuters
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.