Meituan (3690.HK)
- Bloomberg
Meituan Dives After China Slowdown Warning Clouds Sales Surprise
(Bloomberg) -- Meituan fell its most in almost three months after warning that growth in its core meal delivery business will slow this quarter, in one of the clearest signs that Chinese economic turbulence is beginning to hurt the country’s internet leaders. Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsCitadel Vets 69,000 Intern A
- Bloomberg
Meituan Outperformance May Gather Pace as Sales Bump Expected
(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsS&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets WrapUS Court Paves Way for Spot
- Bloomberg
China Asks Tech Giants for Case Studies in Sign of Easing
(Bloomberg) -- China has asked its largest technology companies to provide case studies of their most successful startup investments in consumer, telecom and media companies, a sign authorities are ready to grant them broader leeway in backing such deals after a crackdown brought them to a virtual halt two years ago.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April
