China’s market regulator has opened its second-ever antitrust investigation into a domestic tech giant, targeting Meituan, the takeaway delivery and lifestyle services platform, in an escalation of its crackdown on big internet companies.
The investigation, announced on Monday, comes two weeks after the same body fined Alibaba a record $2.8bn after concluding that the ecommerce group had abused its market dominance.
It also comes just one week after Meituan raised $10bn in an equity and debt deal, one of the largest capital fundraisings for a Chinese internet group this year.
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