Day: April 19, 2021

China’s Meituan seeks firepower boost with $10bn of new capital

HONG KONG — Chinese food delivery company Meituan is raising $10 billion from a sale of stock and convertible bonds as it bolsters its firepower against Alibaba Group Holding in the emerging battlefield of community-group buying. Meituan, in which Tencent Holdings holds a 7.6% stake, plans to use the new funds for the development of