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China s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023.

Hong kongUnited statesJerry chaoFeifei shenShao hui chenBlueshirt groupHong blue lotus research instituteBlue lotus research instituteSouthern californiaAlibaba owned eleKong based blue lotus research institutePhui chenHong kong listedMomentum worksMomentum work jerry chao

China s Meituan has lost $82 billion in market cap on fears over rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023.

Hong kongNew yorkUnited statesFeifei shenShao hui chenJerry chaoBlueshirt groupBlue lotus research instituteHong blue lotus research instituteAlibaba owned eleKong based blue lotus research institutePhui chenHong kong listedMomentum worksMomentum work jerry chao

Meituan lost $82 billion in market cap on slowdown fears, more competition

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.

Hong kongFeifei shenShao hui chenJerry chaoBlueshirt groupBlue lotus research instituteHong blue lotus research instituteAlibaba owned eleKong based blue lotus research institutePhui chenHong kong listedMomentum worksMomentum work jerry chaoFood and drinkAsia economyBreaking news technology

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