The food-delivery company has a highly successful app but makes no profit. A $55 billion valuation looks a stretch, especially at a bad time for Chinese tech stocks.

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Topics:  chinese   
BING NEWS:
  • China Market Update: “ATMX” (Alibaba, Tencent, Meituan Dianping, And Xiaomi) Shine In Hong Kong Despite TikTok “Smash And Grab”
    Shanghai Connect volume leaders were SMIC sold slightly. Tencent sold 1.5 to 1 and Meituan Dianping bought 2 to 1. Mainland investors bought $442mm of Hong Kong stocks today as Southbound Connect ...
    08/4/2020 - 4:14 am | View Link
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