Meituan entered a new cash-burning phase with the launch of its community group-buying and grocery businesses in 2020.

FAST NEWS: Meituan repurchases 83.85 million shares

The Latest: Meituan (3690.HK) announced Wednesday that it repurchased 4.21 million shares on July 17 at prices ranging from HK$116.20 to HK$120, with a total value of HK$500 million ($64…
Luzhu's major products are currently in the research and development stage and it does not have any approved products for sale, and has suffered a loss of over 1.5 billion yuan in the past three years.

FAST NEWS: Luzhu Biotech repurchases shares

The Latest: Beijing Luzhu Biotechnology Co. Ltd. (2480.HK) announced Monday that it repurchased a combined 1.43 million of the company’s shares on July 12 and 15, after its board authorized…