国家市场监管总局就美团收购麦芽田股权案举行了公开听证。1该案是平台领域首起未达国务院申报标准但依法要求申报的经营者集中案件。1监管部门指出，2024年美团与麦芽田在中国境内配送聚合平台市场的合计市场份额超过50%。1
监管部门对此项并购的竞争效应表示关切。1相关部门认为该并购可能排挤其他第三方运力商、影响中小商户的自主选择权，并可能提高市场进入壁垒。1为充分听取各方意见，国家市场监管总局邀请了淘宝闪购、京东、闪送、UU跑腿等竞争者与下游客户参与听证审查。1申报方已向监管部门提交了附条件承诺方案，监管部门将依法推进后续审查工作。1
China's State Administration for Market Regulation held a public hearing regarding Meituan's acquisition of equity stakes in Maiyatian, marking the first case in the platform sector where an operator concentration deal fell below the State Council's reporting threshold yet was lawfully required to be reported.1 The combined market share of the two companies in China's delivery aggregation platform market exceeded 50 percent in 2024.1
Regulators expressed concerns that the proposed merger could exclude or restrict competition, potentially affecting small merchants' ability to choose platforms and the stability of competing services.1 The authorities have invited competitors including Taobao Flash Purchase, JD.com, Shansong, and UU Paoleg, along with downstream clients and industry representatives, to participate in the public hearing review.1 The applicants have already submitted a conditional commitment proposal, and the regulator will proceed with subsequent review in accordance with law.1
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