Another Crackdown on the Platform Economy (Meituan)?
No major regulatory scrutiny expected in the near-term
It was widely reported on Friday that China had another “crackdown” on the Internet platform economy: (1) urging online food delivery companies to reduce their service charges (2) warning against using the metaverse for illegal fund-raising. Though unrelated to each other, the two announcements caused a small panic in the Internet heavy Hong Kong market…
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