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CN SAMR to Direct Lalamove to Fully Implement Rectification Requirements, Optimize Freight Platform Competition
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Liu Jian, deputy head of the Anti-Monopoly Department of China's State Administration for Market Regulation (SAMR), stated at a press conference that following a meeting with Lalamove last September to address "involutionary" competition in the industry, it will supervise Lalamove in fully implementing rectification requirements. The SAMR is resolved to maintain fair market competition, protect the legitimate interests of truck drivers, guide the industry back to rational competition, optimize the competitive ecosystem of freight platforms, and promote a market order characterized by quality and fair pricing. AAStocks Financial News |
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