Meituan's stock dips below its 2018 IPO price, closing 85% down from an all-time high; Alibaba and Tencent are down 78% and 60%+ respectively from their peaks (Charlotte Yang/Bloomberg)

Charlotte Yang / Bloomberg:

Meituan’s stock dips below its 2018 IPO price, closing 85% down from an all-time high; Alibaba and Tencent are down 78% and 60%+ respectively from their peaks  —  – Stock down 85% from all-time high on worry over outlook, macro  — ‘The market has been overly negative’ on Meituan, Goldman says