Food delivery couriers for Meituan during a morning briefing in Beijing. Photo: Bloomberg
Meituan shares reverse losses as investors expect limited impact from China’s antitrust investigation
- Meituan, the fifth-largest stock by weighting on the benchmark Hang Seng Index, closed 2.6 per cent higher at HK$313 on Tuesday
- The State Administration for Market Regulation is investigating whether Meituan forced merchants to pick its platform as their exclusive distribution channel
Follow your favourite topic and get notified
Food delivery couriers for Meituan during a morning briefing in Beijing. Photo: Bloomberg