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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

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

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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].
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