Meituan Delivers Tasty Profit but Predicts Tougher Times Ahead
Thanks to cost controls, online food delivery giant Meituan turned a profit in the third quarter after languishing in the red for nearly two years. But it warned that the…
Is Tencent Winding Down Its Big Investments?
A report that the tech giant is looking to sell its Meituan stake is stoking concerns of more similar divestments to come Key Takeaways: Reuters reported Tencent might sell some…
Tencent Stock In Turbulence Again Just As Regulatory Crackdown Eases
The tech giant’s stock lost 11% after its largest shareholder decided to sell down its stake, retreating from recovery from a prolonged regulatory crackdown on the technology sector Key takeaways:…
