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Kuaishou's Stock Drops on Food Delivery Concerns
ByAinvest
Tuesday, Aug 12, 2025 3:52 am ET1min read
Kuaishou Technology shares dropped 10% on concerns about its entry into the Chinese food delivery sector through a partnership with Meituan. The move sparked worries about intensified competition in the sector. However, some market watchers believe the selloff is overdone, as Kuaishou is unlikely to burn cash chasing market share like JD.com.
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