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Meituan plans to hire as many as 10K people this quarter as the company tries to fend off ByteDance’s expanding delivery efforts in China; the stock drops 6%+ (Bloomberg)

Bloomberg:
Meituan plans to hire as many as 10K people this quarter as the company tries to fend off ByteDance’s expanding delivery efforts in China; the stock drops 6%+  —  Meituan dived its most in two months after unveiling plans to hire as many as 10,000 people this quarter, a remarkable move …

Author: . [Source Link (*), Techmeme]

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