Meituan to Lower Fees for Covid-Struck Merchants, In Line With Government Demand

Shares of Meituan rose by 1.73% on Wednesday after the Chinese food delivery giant announced it would do as the government asked and lower commission fees for merchants using its platform in Covid-hit areas.

In February, the National Development and Reform Commission, China’s top economic planner, issued guidelines that required online food delivery platforms to give preferential service fees to restaurants in regions affected by outbreaks.