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Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and core delivery business up 20.2% YoY to $9.57B (Casey Hall/Reuters)
Sequoia’s former China unit HongShan is pushing for deals in Europe and North Asia, as it struggles to deploy $9B due to a weak domestic market and US controls (Financial Times)
Delivery Hero’s Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B (Reuters)

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