ByteDance is seeking to sell its subsidiary gaming company, Moonton Technology, for a price not less than $5 billion, and has hired Goldman Sachs as a financial advisor to assist in finding and contacting potential buyers.
On January 17th, Meituan's Hong Kong stock price fell by 6.97%, closing at HKD 68.75, reaching a new low in the past four years. This price dropped below Meituan's IPO price.