Friday, 24 March, 2023

Tencent plans to sell its $24B stake in Meituan: Sources

<p>Tencent intends to monetize an eight-year-old investment and appease domestic regulators by selling all or the majority of its $24B interest in meal delivery company Meituan. The tech firm, which holds a 17% share in Meituan, has been consulting with financial advisors recently to determine how to carry out a possibly sizable sale of its Meituan investment. Tencent&#39;s 17% interest in Meituan is valued at $24.3B based on the market capitalization of the company.</p>