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Into the next round

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

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