China unveils rules curbing food delivery price wars and subsidies
Business
China is rolling out new rules to stop big food delivery platforms like Meituan and Taobao Shangou from playing dirty with price wars and heavy subsidies.
The government says these tactics hurt local restaurants, drivers, and even customers. Plus, they mess with the economy.
Meituan endorses guidelines, public feedback open
The new guidelines aim to prevent companies from forcing merchants into subsidy deals or shifting extra costs onto sellers and drivers.
Public feedback runs until July 17. Major platforms are on board: Meituan says it "firmly endorses" the proposals and will "actively cooperate" with regulators and other platforms to promote "win-win results for all parties," while others promise fair competition.
It's a step toward making food delivery more balanced for everyone.