Friday, 24 March, 2023

Food delivery to face new hurdles as China prepares fresh regulations

<p>China is home to about 400M people who ordered food online and is projected to keep growing. Major names in the online food market, Meituan and Ele.me have continued to raise fees they charge to the restaurants. The officials have responded by announcing new rules which state that the food delivery platforms must lower their fees to lower operational costs for restaurants. The effect of this rule was seen immediately as Meituan&#39;s value dropped by over 15%.</p>