Food Deliverer Popular With Foreigners in Beijing, Shanghai Is Fined for Anti-Trust Breach
Liao Shumin
DATE:  Apr 12 2021
/ SOURCE:  Yicai
Food Deliverer Popular With Foreigners in Beijing, Shanghai Is Fined for Anti-Trust Breach Food Deliverer Popular With Foreigners in Beijing, Shanghai Is Fined for Anti-Trust Breach

(Yicai Global) April 12 -- Shanghai’s market regulator has handed Sherpa’s, an English-language food delivery platform well-used by foreigners in China,a fine of nearly CNY1.2 million (USD183,170) for violating the country’s anti-monopoly law. 

The penalty equals 3 percent of the Shanghai-based company’s revenue in 2018, the Shanghai branch of the State Administration of Market Regulation said in a statement posted on its WeChat account today.

The SAMR has been zooming in on unfair market practices lately. On April 10, it slapped a record CNY18.2 billion (USD2.8 billion) fine on Alibaba Group Holding that equaled 4 percent of the e-commerce giant’s revenue in 2019.

Sherpa’s required food outlets in Shanghai to sign exclusive partnership agreements from 2017 to 2019 which hampered competition and harmed the interests of rival businesses and consumers, the anti-trust regulators said.

Founded in late 2014, Sherpa’s serves customers mostly in Shanghai, Beijing, and Suzhou. Its parent company, Daojia Shidai Catering Management, was acquired in May 2017 by Yum China Holdings, which also runs Taco Bell and Pizza Hut in China.

Editor: Emmi Laine, Xiao Yi

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Keywords:   Sherpa's,China,Takeout,Yum China,Food delivery