China has launched a market competition investigation and assessment for its food delivery platforms, the State Council announced on Friday, a move analysts said was an affirmation of the country’s determination to continue to combat the self-defeating competition that has hampered growth in several sectors.
“Recently, issues such as excessive subsidies, price wars and control over traffic flow in the online food delivery platform service industry have become prominent,” according to a statement…
China to probe food delivery platforms under anti-monopoly law
