BRIEF: Meituan launches $13.7 billion subsidy to support merchants, consumers
Meituan (3690.HK) has pledged to invest 100 billion yuan ($13.7 billion) in the restaurant industry over the next three years, focusing on consumer subsidies, merchant support, incentives for high-quality restaurant…
BRIEF: Meituan repurchases 148 million shares since June
Online food delivery giant Meituan (3690.HK) announced Monday it repurchased 3.35 million shares on Sept. 16 at prices ranging from HK$122.90 to HK$126.40, spending a total of HK420 million ($53.8…
