News Snapshot:
According to the equity information of the HKEx, Neil Shen, the founding and managing partner of Sequoia Capital China and director of food delivery giant Meituan , had recently reduced his share holdings in the food delivery company. On March 31 and April 6, Shen’s holdings were reduced by about 38.5424 million shares, and his shareholding ratio dropped to 3.98%, meaning that at least HK $6.031 billion will be cashed out. Since April last year, with the continuous fall of Meituan ‘s share price, Shen has reduced his share holdings several times, from 397 million shares in 2020 to 219...
