Meituan raises $10 billion to fight Alibaba in grocery arena.
- Chinese delivery giant #Meituan has raised $9.98 billion from a record top-up placement and a convertible bonds sale as it doubles down on efforts to fight the likes of #Alibaba Group Holding Ltd.
- #Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but the announcement that Venmo is adding #crypto support just put crypto access in the palm of everyone's hand.
- Stocks were down late in the session, giving up more of their recent gains as investors weighed the latest batch of #earnings #reports for clues about the health of Corporate America
