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Friday, May 27, 2022 | 08:29 pm
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Tags Profit Model

Tag: Profit Model

New Regulation in China to Hit Food Delivery Giants’ Profit Model

The news sent Meituan’s stock down more than 15% on Friday, erasing over $25 billion in market value. Alibaba, which operates Meituan’s archrival Ele.me, saw its shares slide about 4%.

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