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World of Software > Computing > Meituan launches new $2 billion share buyback program to boost stock value · TechNode
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Meituan launches new $2 billion share buyback program to boost stock value · TechNode

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Last updated: 2025/10/04 at 3:30 AM
News Room Published 4 October 2025
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Chinese food delivery giant Meituan on Tuesday announced a plan to buy back shares valued up to $2 billion, with the board saying it believes that the company’s existing financial resources are “sufficient” to support share repurchases while “maintaining a strong financial position.” The move comes just days after the Beijing-based company reported solid first-quarter earnings, with revenue rising 25% from a year earlier and profit recorded around 60% higher than last year, landing at RMB 5.4 billion. Meituan’s shares have grown more than 80% from a January low of around HK$60, and the firm has already spent about $995 million on stock buybacks this year. [Meituan, in Chinese]

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