Consumer Staples Apr 20, 2021 08:55 PM (GMT+8) · EqualOcean
To support the development of new business areas such as community group buying, Meituan has raised an additional USD 10 billion in cash. The company now has cash reserves of more than USD 18 billion, which is more than its direct competitors like Pinduoduo and JD. Alibaba alone has more cash available in this segment of eCommerce. The share price has increased after the announcement, and the news is therefore received positively. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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