China's Crackdown on Food Delivery Giants

In a significant move, Chinese authorities convened with leading food delivery services such as JD.com, Meituan, and Alibaba's Ele.me, as revealed by the country's market regulator on Tuesday.

These companies have been urged to ensure compliance with existing laws, engage in fair competition, and uphold the legitimate rights and interests of consumers, business operators, and food delivery workers. This meeting signifies the government's focus on maintaining order and fairness within the burgeoning food delivery sector.

The discussions also highlight the importance of regulatory oversight to protect all parties involved amidst intense market dynamics.

(With inputs from agencies.)