Meituan responded with sincerity to accept the punishment result
Meituan responded with sincerity to accept the punishment result. Since 2118, Meituan abused its dominant position in the service market of online catering take-out platform, which hindered the free flow of market resource elements, and the General Administration of Market Supervision imposed administrative punishment according to law. The US Mission responded by sincerely accepting the punishment result. Meituan responded with sincerity and accepted the punishment result 1
Today, the General Administration of Market Supervision made an administrative punishment decision on Meituan's "one-of-two" monopolistic behavior according to law, ordered Meituan to stop its illegal behavior, fully returned the exclusive cooperation deposit of 1.289 billion yuan, and imposed a fine of 3% on its sales in China in 2121, amounting to 3.442 billion yuan. In this regard, WeChat official account, the official WeChat of Meituan, issued an announcement in response to the administrative punishment imposed by State Administration for Market Regulation for monopoly. It said, "We sincerely accept and resolutely implement it, and comprehensively and thoroughly check and rectify it according to the Decision on Administrative Punishment and the Administrative Instruction, and put an end to' two choices'."
In its response, Meituan said that today, Meituan received an administrative penalty decision from the State Administration of Market Supervision. In this regard, the US Mission sincerely accepted and resolutely implemented it, and comprehensively and thoroughly inspected and rectified it in accordance with the Decision on Administrative Punishment and the Administrative Instruction, and put an end to "two choices". Taking this as a warning, Meituan will operate in compliance with the law, consciously maintain fair competition order, earnestly fulfill its social responsibilities, better obey and serve the overall situation of economic and social development, and strive to make more contributions to the high-quality development of the national economy. Meituan responded with sincerity and accepted the punishment result 2 < P > Since 2118, Meituan has abused its dominant position in the service market of online food and beverage take-out platform in China, urged the merchants in the platform to sign exclusive cooperation agreements with them by implementing differential rates and delaying the online launch of merchants, and adopted various punitive measures by collecting exclusive cooperation deposits, data, algorithms and other technical means to ensure the implementation of "two-for-one" behavior, eliminating and restricting competition in related markets. It hinders the free flow of market resources, weakens the innovation power and development vitality of the platform, and damages the legitimate rights and interests of merchants and consumers in the platform, which constitutes the abuse of market dominance behavior that Article 17, paragraph 1 (4) of the Anti-Monopoly Law prohibits "restricting the counterparty to only trade with it without justifiable reasons".
According to the provisions of Article 47 and Article 49 of the Anti-Monopoly Law, taking into account the nature, degree and duration of the illegal activities of Meituan, on October 8, 2121, the General Administration of Market Supervision made a decision on administrative punishment according to law, ordered Meituan to stop its illegal activities, fully returned the exclusive cooperation deposit of 1.289 billion yuan, and imposed a 3% penalty on its sales in China in 2121. At the same time, an "Administrative Instruction" was issued to Meituan, requiring it to carry out comprehensive rectification around improving the platform commission charging mechanism and algorithm rules, safeguarding the legitimate interests of small and medium-sized catering businesses in the platform, and strengthening the protection of the legitimate rights and interests of takeaway riders, and submit a self-inspection compliance report to the General Administration of Market Supervision for three consecutive years to ensure that the rectification is in place and achieve standardized, innovative, healthy and sustainable development.
Just now, Meituan responded:
As of press time, Meituan's share price was HK$ 256/share, with a total market value of HK$ 1.57 trillion.