日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Meituan shares drop as woes continue

By CHENG YU | China Daily | Updated: 2021-05-12 09:13
Share
Share - WeChat
A deliveryman for Meituan, the country's on-demand service platform, delivers food in Beijing. [Photo provided to chinadaily.com.cn]

The share price of Chinese food delivery company Meituan fell 5.25 percent on Tuesday to HK$249,($32.07), after the company was summoned by authorities for harming the rights of deliverymen and consumers.

The company's stock price has fallen nearly 45 percent from a peak of HK$460 per share in February this year, which means that the $206 billion company has lost nearly half of its market value.

The plunge came as Meituan faced fresh scrutiny after a Meituan employee said during a conversation with authorities in Beijing that nearly 10 million registered deliverymen on the company's take-away platform are not regulars, but outsourced personnel.

Li Junhui, a senior research fellow at the China University of Political Science and Law, said that to "avoid operating risks and maximize benefits", major food delivery platforms, including Meituan and Ele.me, choose to have no direct employment relationship, or labor contract relationship, with deliverymen.

"But based on the current rules and regulations, employment in online ride-hailing and food delivery platforms is regarded as 'flexible employment', thereby, the legal relationship between related platforms and employees needs to be further set up by authorities," said Li.

On Monday, consumer protection officials from Shanghai hauled in representatives from Meituan and leading e-commerce site Pinduoduo for misleading customers and for other practices.

"The country's internet economy has developed rapidly. Such moves send a clear signal that the overall internet economy has come to a different stage where the business models of different internet companies will be pushed for further improvement and upgrade," said Jiang Han, a senior researcher at Pangoal, a market consultancy.

Last month, China's State Administration for Market Regulation announced an investigation into Meituan after antitrust authorities imposed a record $2.75 billion fine last month on e-commerce giant Alibaba Group Holding Ltd.

The administration said that it is looking into whether Meituan is forcing vendors to use their platform exclusively, a practice known as picking one from two.

Nomura analysts Shi Jialong and Thomas Shen said in a report: "If the fine is based on 4 percent of its prior-year sales, as it was in Alibaba's case, Meituan will likely face a fine of 4.6 billion yuan ($711 million), representing around 4 percent of its net cash balance of $18 billion.

Frank Fine, head of the international antitrust practice at Beijing-based DeHeng Law Offices, said in an interview that this forced "growing up" would help Chinese firms boost their competitiveness globally.

"If they're able to keep their profits going, grow their markets and improve their services in such a way as to offset the antitrust pressure that they're facing, they'll have won," Fine said. "The likelihood of them succeeding globally becomes much greater."

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 精品视频在线观看 | 国产高清在线精品一区二区三区 | 国产精品久久久久久久一区探花 | 亚洲一区二区三区中文字幕 | 亚洲人成一区二区三区 | 午夜国产精品无套 | 日一区二区三区 | 日韩在线观看第一页 | 国产欧美在线视频 | 免费看91 | 欧美日韩一区二区中文字幕 | 狠狠干夜夜操 | 亚洲精品无码成人A片色欲 亚洲欧美日韩激情在线观看 | 国产精品1区2区3区 一级电影免费 | 国产全肉乱妇杂乱视频 | 亚洲精品黄色 | 91成人在线免费视频 | 欧美性一区二区三区 | 国产在线观看福利 | 久久精品国产线看观看亚洲 | 国内精品视频在线观看 | 国产亚洲精品久久一区二区三区 | 国产亚洲综合视频 | 久久综合五月开心婷婷深深爱 | 美女视频黄a视频免费全过程 | 国产亚洲精品高清在线 | jvid精品资源在线观看 | 久久久久成人免费 | 国产成人禁片免费观看 | 一级性生活免费视频 | 日韩乱轮| 九一免费版在线观看 | 成人欧美一区二区三区视频xxx | 欧美高清观看免费全部完 | 色妇色综合久久夜夜 | 欧美日韩a | 亚洲精品久久九九热 | 99re3| 国产一区二区在线免费观看 | 日韩中文字幕不卡 | 天天亚洲综合 |