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Shares of China’s food delivery leader Meituan fall more than 5% on weaker Q3 outlook

by Editor August 27, 2023, 11:54 pm 1.7k Views

Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook

Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021.

Yan Cong | Bloomberg | Getty Images

Meituan‘s Hong Kong-listed shares fell more than 5% on Friday after CEO Wang Xing warned of a food delivery slowdown in the next quarter.

“For our food delivery, we expect the third quarter or the volume will slow down, but still be more resilient than other…

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