MasterFeeds: August 2021

Subscribe in a reader Add to Google Reader or Homepage

Aug 24, 2021

Special Report: Inside #Venezuela

Bloomberg reports on Venezuela's efforts to get financial and oil sanctions removed. 

Aug 19, 2021

#China’s Planning to Fine #Meituan, 3rd most valuable listed co, for oAbout $1BN



SINGAPORE—China's antitrust regulator is preparing to impose a roughly $1 billion fine on food-delivery giant Meituan for allegedly abusing its dominant market position to the detriment of merchants and rivals, according to people familiar with the matter.

The penalty could be announced in the coming weeks, and Meituan would be required to revamp its operations and end a practice that has been dubbed "er xuan yi"—literally, "choose one out of two," the people said. Such exclusivity arrangements have forced many small businesses to pick sides in China's competitive retail industry.

Meituan, with a mar­ket cap­i­tal­iza­tion of about $170 bil­lion, has raised bil­lions of dol­lars from global in­vestors and is Chi­na's third-most valu­able pub­licly listed in­ter­net com­pany af­ter Ten­cent Hold­ings Ltd. and Al­ibaba Group Hold­ing Ltd. The Bei­jing-head­quar­tered firm op­er­ates an on­line mar­ket­place for mil­lions of restau­rants and other mer-chants, and is the big­gest provider of food-de­liv­ery and re­lated ser­vices in China. It also of­fers ho­tel book­ings and sells gro­ceries on­line.

See the whole article on the WSJ here: 

China's Antitrust Regulator Planning to Fine Meituan About $1 Billion

________________________

bit.Ly/MasterFeeds


ShareThis


The MasterFeeds

MasterSearch

Categories

MasterFeeds News Finance china money stocks USA Commodities United States debt Gold Venezuela Dollars bonds Markets economics trading Banks FED Hedge funds Asia LatAm Oil default credit metals Mining international relations central_banks CapitalMarkets HFT russia zerohedge Euro Israel Silver democracy India Japan SEC bailout Africa Liberalism Middle East elections insider trading Agriculture Europe FX Iran Tech Trade VC bitcoin copper corruption Brazil CoronaVirus ForEx Gold Silver NYSE WeWork chavez food real estate Arabs EU Facebook France IPO Maduro SWF TARP UN canada goldman government recession revolution war Abu Dhabi Cannabis Capitalism Citigroup Democrats EIA Jobs NASDAQ PDVSA Palestinians Saudi Arabia Softbank Stats Trump Turkey Ukraine demographics ponzi socialism 13F AIG Berkshire Hathaway CBO Cargill Colombia Cryptocurrency ETF Ecuador Emerging Markets Eton Park Google Hamas Hezbollah Housing IMF LME Lebanon Mindich Mongolia NYC OPEC PIIGS Pakistan Paulson Pensions Peru Potash QE Scams Singapore Spain Syria UK Yuan blockchain companies crash cybersecurity data freedom humor islam kleptocracy nuclear propaganda social networks startups terrorism Advertising Airlines Andorra Angola Anti-Israel Apple Automobiles BAC BHP Blackstone COMEX Caracas Coal Communism Crypto DRC DSK Double-Dip EOS Egypt FT Fannie Mae Form Foxconn Freddie GM Gbagbo History ICO Iraq Italy Ivanhoe Ivory Coast JPM Juan Guaido Lava Jato Libya London M+A MasterEnergy Mc Donald's Miami Mugabe Norway Norwegian Odebrecht Oyo PA PPT Palantir Panama Politics QE2 Republicans Rio Ron Paul ShengNu Soleimani South Africa Tokens Tunisia UN Watch UNESCO UNHRC Uber VW Wyclef anti-semitism apparel bang dae-ho cash censorship chile clothing coffee cotton derivatives emplyment foreclosures frontrunning haiti infrastructure labor levi's mortgages philosophy shipping social media treasury women