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China asks food delivery services to cut fees for restaurants; Meituan's stock fell 15%+ to a 19-month low, wiping $26B off its market value, now at ~$148B (Wall Street Journal)


Wall Street Journal:

China asks food delivery services to cut fees for eating places; Meituan’s stock fell 15%+ to a 19-month low, wiping $26B off its market worth, now at ~$148B  —  Shares of on-line delivery large Meituan slide to a 19-month low  —  Chinese authorities on Friday mentioned the nation’s on-line food-delivery platforms …

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