China’s Regulator Slaps $515 Million Fines on PDD, Other Food Delivery Platforms

China’s regulator said Friday that it had imposed fines totaling 3.52 billion yuan ($515 million) on seven e-commerce businesses including those operated by PDD Holdings, Meituan, JD.com, Alibaba Group and ByteDance, citing their lack of oversight of problematic food delivery merchants.

The ...