Meituan

The amount Meituan was fined was lower than analysts expected and also lower than the amount fined to e-commerce giant Alibaba.

Meituan's revenue rose 77 percent year-over-year to RMB 43.76 billion ($6.77 billion) in the second quarter, with a net loss of RMB 3.36 billion.

The recruitment includes 64 job types, including R&D, algorithms, testing, operations, security, product, product operations, design, business analysis, HR and retail.

Douyin, the Chinese version of Byte Dance's TikTok, has recently set up a takeaway business team and has been testing it recently, tech media Tech Planet reported Wednesday.

Chinese life service app Meituan has raised nearly $400 million from Tencent in a stock offering to further fuel its business expansion.

Meituan had 46,000 full-time employees before going public in June 2018, with salespeople making up 61 percent of the workforce.

Meituan faces a fine range of RMB 4 billion ($616 million) to RMB 12 billion, BOCOM International said in a report Tuesday.

China's State Administration for Market Regulation announced on Monday that it had opened an investigation into Meituan's alleged monopolistic practices such as "forced exclusivity".

Chinese market regulator has opened a case against China's online service super-app Meituan for alleged monopolistic practices including "forced exclusivity".

After the move Meituan will have $18 billion in net cash, compared with $17 billion for Pinduoduo, $15.7 billion for JD.com and $51.6 billion for Alibaba, Nomura said.