Cut of Tencent’s $20 billion stake in Meituan triggers internet sell-off
(Bloomberg) – The project of Tencent Holdings Ltd. to distribute $20 billion in shares of meal delivery giant Meituan triggered a large sell-off in Chinese internet stocks on Thursday. Bloomberg’s Most Read The benchmark Hang Seng Tech slipped more than 5% in the choppy morning trading. Meituan plunged as much as 6.7%, while other Tencent …
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