clarification

  • Meituan: No deposit in Silicon Valley Bank. The bankruptcy of the latter has no impact on the company

    It is reported that today, Meituan Capital Market Department replied to the investors who asked, saying that Meituan did not deposit in Silicon Valley banks, so the recent events in Silicon Valley banks had no impact on the company. At the same time, the relevant head of Meituan also told the reporter that the screenshot of “Silicon Valley Bank Rights Group” released by Wang Xing, CEO of Meituan, is not true. Interpretation of this information: Meituan, the prominent Chinese e-commerce platform, has recently found itself at the center of controversy…

    03/11/2023
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