Charlotte Yang / Bloomberg:
Meituan’s stock dips below its 2018 IPO price, closing down 85% from an all-time high; Alibaba and Tencent are down 78% and 60%+, respectively, from their peaks — – Stock down 85% from all-time high on worry over outlook, macro — ‘The market has been overly negative’ on Meituan, Goldman says
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