Chinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stake

Tencent, which owns 17% of Meituan, is planning to placate domestic regulators and cash in on its eight-year-old investment, Reuters reported.

Chinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stake
Tencent, which owns 17% of Meituan, is planning to placate domestic regulators and cash in on its eight-year-old investment, Reuters reported.