China seeks to curb 'unfair' competition in food delivery sector
China is seeking to crack down on "unfair" competition among food delivery platforms by introducing new rules to limit subsidy campaigns that regulators say harm the economy.
Beijing has been targeting what it sees as unhealthy developments in the sector, a crucial contributor to national consumption, which has been sluggish in recent years.
Fierce competition between top platforms including Meituan and Alibaba's Taobao Shangou, which employ millions of delivery drivers, has led to price wars, the State Administration for Market Regulation (SAMR) said.
It proposed draft regulations targeting subsidy campaigns by platform operators that artificially reduce prices and encourage more orders.
