FB Pixel no scriptProsus trims Meituan stake amid clash
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KrASIA
Jul
31

Prosus trims Meituan stake amid clash

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Prosus has begun offloading its stake in Meituan, selling USD 250 million in shares as the Chinese firm’s global expansion puts it in direct competition with Prosus-backed businesses in markets like Brazil. The stake, once valued at USD 4.2 billion, is now below 5%. Proceeds will support Prosus’ other e-commerce investments.
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