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MEITUAN STAKE
Trip.com shares crash 22% in Hong Kong after antitrust probeHong Kong-listed shares of a major Chinese online travel agency plummeted after regulators launched an antitrust probe. The company is susp...- China's ecommerce companies are getting singed by a price warThe likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-ho...
- Prosus wins conditional EU antitrust nod for Just Eat Takeaway dealProsus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capabilit...
- Prosus set to win EU nod for $4.74 billion Just Eat deal, sources sayProsus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capabilit...
- KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources sayKKR & Co, Fountainvest Partners, and PAG are among those interested in acquiring a stake in Starbucks' China business, as the U.S. coffee c...
- Swiggy announces $65 million ESOP programme for employees ahead of IPOAs part of the scheme, Swiggy employees across all levels and functions will have the opportunity to receive up to $65 million in liquidity...
- China's Tencent posts weak revenue growth, plans to double buybacksChina's Tencent Holdings posted a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and sai...
- China's Meituan to buy artificial intelligence firm Light Year from cofounderThe deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of investments or acquisitions by bu...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnTencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnThe Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 b...
- Swiggy, Zomato among top 10 global online food delivery firms: ReportAccording to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.
- Tencent denies report it will sell down Didi, Meituan stakesTencent Chief Strategy Officer James Mitchell said last month that a Reuters report it intends to sell all or much of its stake in food del...
- Tencent fires 5,500 workers as sales down for first time since going publicTencent has downsized its workforce for the first time since 2014, slashing the number of employees to 110,715 by the end of June, down fro...
- Tencent plans to divest $24 billion Meituan stake: sourcesTencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially lar...
- Zomato serving a hot but pricey IPO during a tech cold warA law on personal data protection, and another on use of non-personal information, may be up next. That could be important for Zomato.
- China delivery giant Meituan raises $10 billion to build a warchest for drones, self-driving carsThe robust demand comes as Chinese regulators crack down on technology giants for a range of violations from monopolistic behaviour to flou...
- Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources sayDidi, backed by technology investment giants SoftBank , Alibaba and Tencent, has started initial talks with investment banks for the long-a...
- Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billionThe investment comes just a few weeks after rival Zomato acquired UberEats India. UberEats India has since then ceased to exist as a separa...
- China's unicorns race to IPO as Silicon Valley waits patientlyFive initial public offerings have helped at least 16 tech bigwigs ring up a combined $48 billion of net worth at the time of the IPOs, acc...
- Franklin PE arm exits Dailyhunt, clocking over 3-fold returnThe new round of funding has valued Dailyhunt at about Rs 2,100 crore, a slight premium to its previous round valuation of Rs 1,700-Rs 1,80...
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