Technology

Chinese watchdog warns sharing sector on pricing

Chinese watchdog warns sharing sector on pricing.   | Photo Credit: Reuters

(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)

China's anti-trust regulator, which has engaged in a sweeping clampdown on the country's so-called platform economy, on Thursday warned eight companies in the sharing sector to make their pricing policies more transparent.

A statement from the State Administration for Market Regulation said it had summoned officials from eight companies engaged in renting out shared bicycles and power banks for recharging mobile phones to address "pricing irregularities".

The companies included e-commerce group Meituan, and businesses backed by Alibaba and ride-sharing service Didi, it said.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Oct 19, 2021 6:45:11 PM | https://www.thehindu.com/sci-tech/technology/chinese-watchdog-warns-sharing-sector-on-pricing/article34718536.ece

Next Story