By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
World of SoftwareWorld of SoftwareWorld of Software
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Search
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
Reading: Meituan shares drop as prosus cuts stake amid overseas expansion · TechNode
Share
Sign In
Notification Show More
Font ResizerAa
World of SoftwareWorld of Software
Font ResizerAa
  • Software
  • Mobile
  • Computing
  • Gadget
  • Gaming
  • Videos
Search
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Have an existing account? Sign In
Follow US
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
World of Software > Computing > Meituan shares drop as prosus cuts stake amid overseas expansion · TechNode
Computing

Meituan shares drop as prosus cuts stake amid overseas expansion · TechNode

News Room
Last updated: 2025/07/31 at 9:43 AM
News Room Published 31 July 2025
Share
SHARE

Chinese take out platform Meituan saw its stock drop more than 4% on July 31, hitting a two-week low as Prosus, a major shareholder, quietly offloaded around $250 million worth of shares. As of this week, Prosus holds less than 5% of Meituan’s total shares, raising questions about the company’s future prospects.

The stock slump comes as Meituan continues its aggressive international expansion. In May, founder Wang Xing announced a $1 billion investment to build a national delivery network in Brazil, directly competing with Prosus-backed iFood. This move, coupled with Meituan’s expansion in the Middle East under the Keeta brand, has intensified competition in global markets. Keeta, which rapidly captured 10% of Saudi Arabia’s food delivery market, poses a growing threat to Prosus’ investments, including Talabat, its platform in the UAE. [Jiemian, in Chinese]

Related

Shuang is a Shanghai-based tech reporter at Technode.com, covering AI, tech company, e-commerce and retail. Find her via e-mail: [email protected].
More by Shuang Jing

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Asus ROG Xbox Ally, Xbox Ally X Price And Pre-Order Date Leak Ahead Of Launch: All You Need To Know
Next Article How Amazon Uses Guardrails In Software Development
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

248.1k Like
69.1k Follow
134k Pin
54.3k Follow

Latest News

Confessions of a Recovering AI Porn Addict
Gadget
Apple Is Open to Buying Companies to Get Ahead in the AI Race
News
Bridgetime or How I’m Building a Visual Timezone Scheduler While Learning by Doing | HackerNoon
Computing
Julia Whelan has narrated 600 audiobooks and counting. So why isn’t she paid like it?
News

You Might also Like

Computing

Bridgetime or How I’m Building a Visual Timezone Scheduler While Learning by Doing | HackerNoon

7 Min Read
Computing

Intel IPU7 Driver Merged For Linux 6.17 For Webcams On Lunar Lake & Panther Lake Laptops

2 Min Read
Computing

NetEase Cloud Music sues K-pop giant SM Entertainment over market abuse allegations · TechNode

3 Min Read
Computing

How relentless vandalism cripples Nigeria’s telecom sites

7 Min Read
//

World of Software is your one-stop website for the latest tech news and updates, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

Topics

  • Computing
  • Software
  • Press Release
  • Trending

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

World of SoftwareWorld of Software
Follow US
Copyright © All Rights Reserved. World of Software.
Welcome Back!

Sign in to your account

Lost your password?