Tencent plans to sell all or bulk of Meituan stake worth $24b

Tencent plans to sell all or bulk of Meituan stake worth $24b

Photo: Meituan

China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.