|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.40 - 37.77|
|52 Week Range||24.80 - 59.24|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||1,020.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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(Bloomberg) -- China is considering asking media companies from Tencent Holdings Ltd. to ByteDance Ltd. to let rivals access and display their content in search results, a move that could further eradicate online barriers and shake up the internet advertising arena.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Ti
Chinese stocks have sold off en masse since the Spring, but is now the time for aggressive investors to go bargain-hunting in the Middle Kingdom? One indication could be the recent case of Meituan (OTC: MPNGF), the largest food delivery company in China, with businesses in daily deals, hotel bookings, community e-commerce, restaurant software, and grocery and drugstore delivery. On Oct. 8, China's State Administration for Market Regulation imposed a $534 million fine on Meituan -- a penalty for abusing its dominant market share in food delivery to force restaurants into exclusivity arrangements.
China's antitrust regulators recently fined Meituan (OTC: MPNG.Y), one of the country's largest on-demand delivery companies, 3.44 billion yuan ($533 million) -- or 3% of its domestic revenue from 2020 -- following a closely watched probe that started in April. The investigation mainly focused on Meituan's use of exclusive deals to prevent its merchants from using other delivery services. A wide range of other Chinese tech stocks also rallied alongside Meituan as investors digested the news.