Meituan Plans Share Buyback Valued at Up to $1.0 Billion

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By P.R. Venkat

Meituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results.

The company said shares will be repurchased from the open market starting Dec. 1.

The…

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