China's $Meituan (ADR) (MPNGF.US)$ has comfortably digested ...

China's $Meituan (ADR) (MPNGF.US)$ has comfortably digested a crackdown serving from Beijing. The $200 billion food delivery company’s shares rallied as much as 8% on Monday following an antitrust fine from the country's market watchdog. At just 3% of domestic 2020 sales, the $528 million financial penalty falls well short of the maximum 10% permitted and is less severe than $Alibaba (BABA.US)$ 's.There may be a bitter aftertaste, though. Because of boss Wang Xing's investments in groceries and ride-hailing, the company is forecast to generate an operating loss of $3 billion this year.