China probes competition among food delivery platforms to curb price war

China will investigate cutthroat ‍competition among food delivery platforms operated by tech firms such as Meituan ⁠and Alibaba, aiming to rein in price wars that have eroded profits and contributed to deflationary pressures plaguing the economy.

The State Council has decided ‌to launch ‌the investigation to ensure fair and orderly competition and create a market environment with high ‌quality and reasonable pricing, the State Administration for Market Regulation said in a statement on Friday.