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MPNGF / Meituan Shares Get Butchered As China Introduces Tougher Laws

Meituan Shares Get Butchered As China Introduces Tougher Laws
Meituan (OTC: MPNGY) shares shed ~15% after China issued new guidelines asking food delivery platforms to cut restaurant fees to reduce business costs, Bloomberg reports. Online food delivery platforms will have to offer preferential fees to restaurants in regions hit by the pandemic, as per the National Development and Reform Commission. Read More
Posted: Feb 18 2022, 07:17
Author Name: Benzinga
Views: 111529

MPNGF News  

Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook

By CNBC
August 25, 2023

Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook

Meituan shares fell 5% Friday after CEO Wang Xing warned of a food delivery slowdown in the third quarter during the firm's latest earnings call on Th more_horizontal

Meituan's acquisition of AI startup can 'significantly' improve its cost model, KraneShares says

By CNBC International TV
August 24, 2023

Meituan's acquisition of AI startup can 'significantly' improve its cost model, KraneShares says

Xiaolin Chen of KraneShares discusses Chinese food delivery giant Meituan's acquisition of artificial intelligence startup Light Year and says the com more_horizontal

Meituan's KeeTa joins Hong Kong's food delivery race — but analysts are skeptical

By CNBC
July 3, 2023

Meituan's KeeTa joins Hong Kong's food delivery race — but analysts are skeptical

Meituan has launched a sister app in Hong Kong, its first roll-out outside mainland China — but analysts are skeptical it can quickly carve out sig more_horizontal

Meituan buys founder's months-old ‘OpenAI for China' for $234M

By TechCrunch
June 29, 2023

Meituan buys founder's months-old ‘OpenAI for China' for $234M

One of China's most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Light Year, which was founded more_horizontal

Pinduoduo or Meituan? Asset management firm weighs in

By CNBC International TV
June 19, 2023

Pinduoduo or Meituan? Asset management firm weighs in

Shawn Yang of Blue Lotus Capital Advisors explains which online Chinese retailer is the better pick. more_horizontal

2 Things Smart Investors Know About Meituan Stock

By The Motley Fool
April 25, 2023

2 Things Smart Investors Know About Meituan Stock

Meituan is a leading internet platform in China. It has plenty of opportunities to grow its existing businesses. more_horizontal

China's Meituan to restructure ride-hailing unit, reduce service's staff - letter

By Reuters
March 6, 2023

China's Meituan to restructure ride-hailing unit, reduce service's staff - letter

Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on the platform, according to a more_horizontal

Hang Seng index enters correction as Meituan, Baidu stocks diverge

By Invezz
February 26, 2023

Hang Seng index enters correction as Meituan, Baidu stocks diverge

Global stocks have pulled back as investors reset their expectations about what the Federal Reserve will do in the coming months. In Hong Kong, the bl more_horizontal


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