Alibaba-Meituan trade yields 130% as food delivery war rages. A paired trading strategy betting on the growing performance gap between two Chinese tech giants has delivered a 130% return year-to-date, as Alibaba Group Holding surges while Meituan stumbles in an intensifying food delivery price war. Going long on Hong Kong-listed Alibaba while shorting Meituan has proven highly profitable, according to Bloomberg reporting published November 6. Alibaba's stock has nearly doubled this year on artificial intelligence enthusiasm, while Meituan's shares have plunged approximately 33% amid market share losses in food delivery.#Alibaba #Meituan #ChinaTech #FoodDelivery #AI #HongKongStocks #TradingStrategy https://www.perplexity.ai/...
Chinese delivery giant Meituan eyes US$3 billion from bond issue amid intense competition
Meituan expects to raise US$3 billion from a dual-currency bond offering, as the Chinese on-demand delivery giant looks to bolster its war chest to stave off the challenge from rivals led by Alibaba Group Holding and JD.com. The Beijing-based company will offer US$1.99 billion in greenback-denominat..
https://finance.yahoo.com/news/chinese-delivery-giant-meituan-eyes-093000077.html
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