Bloomberg Tencent Holdings Ltd’s biggest investees plummeted after Reuters reported the social media giant intends to sell all or much of its $24 billion stake in food delivery giant Meituan to appease Beijing. The social media giant has engaged financial advisors in recent months on ways to execute the sale of a roughly 17% stake, Reuters reported, citing sources ...

  Bloomberg Delivery Hero SE sought to reassure investors with an accelerated plan to reach profitability by next year driven by its Asia business despite a broader slowdown in the food delivery industry. While growth has eased following a pandemic surge, the Berlin-based company said it will generate positive adjusted earnings in fiscal year 2023. It also forecast the value ...

  Bloomberg Hanwha Q Cells — one of the few solar-panel makers with US production — is considering sites for a massive new facility as the country prepares to incentivise cleantech manufacturing. The company is evaluating sites in Georgia, South Carolina and Texas, according to documents filed in Texas. The potential project in Dallas County, Texas, would feature a suite ...