China fines leading food delivery apps, including Alibaba and Meituan, a combined ~$528M, the largest fine for the sector since the 2015 food safety law (Luz Ding/Bloomberg)

Luz Ding / Bloomberg:

China fines leading food delivery apps, including Alibaba and Meituan, a combined ~$528M, the largest fine for the sector since the 2015 food safety law  —  Chinese regulators fined leading food delivery platforms including Alibaba Group Holding Ltd., PDD Holdings Inc. and Meituan for failing to filter out unqualified merchants.