Meituan Plans Share Buyback Valued at Up to $1.0 Billion

By P.R. Venkat

Meituan, a China-based shopping-and-delivery platform, plans to purchase again its shares valued as much as $1.0 billion, a day after saying strong third-quarter outcomes.

The firm stated shares shall be repurchased from the open market beginning Dec. 1.

The…

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