Meituan says Covid-19 effects may linger after upbeat Q4

By Emma Lee

Meituan Dianping reported strong fourth quarter revenue, exceeding analyst consensus expectations, and booked profits for a third consecutive quarter but warned that adverse effects from the Covid-19 outbreak could last the entire year.

Why it …

Bytedance may now be worth $100 billion

By Wei Sheng

TikTok owner Bytedance could now be worth up to $100 billion based on recent prices for the Chinese company’s shares on secondary markets, according to the Financial Times.

Why it matters: The new price tag for the Beijing-based tech start…