On March 3, 2021, the State Administration of Market Regulation made the decision of administrative punishment on the case of unfair price behavior of Shenzhen Meituan Preferred Technology Co., Ltd., and the written decision of administrative punishment is hereby announced. The punishment statement from the State Administration for Market Regulation shows that the illegal acts of the parties involved involved many commodities and lasted for a long time. After the State Administration for Market Regulation held an administrative guidance meeting to warn them, the illegal acts continued. In accordance with the provisions of Article 40 of the Price Law of the People's Republic of China and Article 4 and Article 7 of the Administrative Punishment Provisions for Illegal Price Acts, this organ has made the following decisions: order correction and impose a combined fine of 1.5 million yuan.

From：China Business News

Date：March 12, 2021