Shao Hui Chen

China’s Meituan grapples with $82 Billion market cap drop as competition heats up and food delivery stalls

NewsJanuary 10, 2024

Since the beginning of 2023, Meituan, the leading Chinese food delivery platform, has experienced a substantial drop of $82 billion in market capitalization. Investor apprehensions have grown due to increased competition and a warning from the...

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