Contrarian Who Called Meituan Rout Sees More Pain for Stock

(Bloomberg) — Growth for China’s food delivery giant Meituan has peaked as competition heats up in the $145 billion industry, said a China tech analyst who is the lone bear on the Hong Kong-listed stock. 

“Other players will start to take shares from Meituan especially when there’s a lack of growth anywhere in the industry,” Barclays Plc’s Jiong Shao, the only analyst who has a sell call on the stock according to Bloomberg data, said in an interview with Bloomberg News last week.