China Opens Antitrust Probe Into Food-Delivery Giant Meituan

Timely reports on issues and events from across China. Drawing on a vast range of sources, these succinct articles provide insights into the significance of each issue in a wider context.

NEWS

The move comes after internet giants Alibaba, Tencent, and Baidu were all fined as part of an ongoing government clampdown on anti-competitive practices.

After China’s Bike-Sharing Fad Flopped, Car-Sharing Is Next, Insider Says

A “high investment, low profit” business model isn’t tenable for car-sharing either, according to a source close to embattled firm GoFun.

Chinese Ride-Hailing Giant Didi Fired 70 Staff for Graft in 2020

Some of the cases, which involved accepting bribes, seeking benefits from suppliers, and selling company resources for profit, were turned over to police.

China Closely Monitoring Fresh Food Supply Ahead of Spring Festival

A central government agency has instructed lower-level authorities to start planning how to avoid shortages and climbing prices over the Lunar New Year holiday, a peak consumption period.

With Digital Shift Gaining Steam, Chinese Banks Shut 2,800 Branches in 2020

Though online banking does not yet provide a full range of financial services, domestic banks are likely to continue reducing brick-and-mortar outlets, analysts say.