Chinese food delivery giant Meituan unveils $1b share buyback programme

Chinese food delivery giant Meituan unveils $1b share buyback programme

FILE PHOTO: People walk past the logo of Chinese food delivery firm Meituan at its booth at the 2022 World Robot Conference in Beijing, China, Aug. 18, 2022. REUTERS/Tingshu Wang/File Photo

Chinese food delivery giant Meituan on Wednesday confirmed it had authorised a share buyback of up to $1 billion in value, a day after its chief executive expressed the board’s intention to do so.

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