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Competition Commission Consults on Proposal to Accept Commitment Offered by Keeta
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The Competition Commission today (28th) commenced a consultation on the proposed commitment offered under section 60 of the Competition Ordinance by MEITUAN-W (03690.HK)'s Kangaroo Limited (trading as Keeta). The proposed commitment is the second step of a two-step process taken by Keeta in response to the Competition Commission's concerns that certain provisions in Keeta's agreements with its partnering restaurants may hinder entry and expansion by new or smaller platforms and soften competition in the online food delivery market, potentially in contravention of the First Conduct Rule of the Ordinance. The Competition Commission considers that the commitment, if accepted, would address these concerns. Auto-translated by AI AASTOCKS Financial News |
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