BEIJING (Reuters) – China’s food delivery giant Meituan said on Tuesday that it would lower commissions for merchants on its platform, including capping fees for small and medium sized merchants facing operational difficulties at 5%.
Chinese regulators last month issued guidance for online food delivery platforms to reduce service fees to help to lower operating costs for catering businesses, to promote a faster recovery from the pandemic in the services sector.
(Reporting by Yingzhi Yang and Brenda Goh, Editing by Louise Heavens)
