Delivery men for food delivery platforms Meituan and Ele.me are seen in Beijing. [Photo/VCG]
Chinese tech company Tencent Holdings said on Wednesday it would distribute its $20.3 billion stake in online food delivery firm Meituan as dividends.
It will transfer 958.12 million shares in Meituan, equal to 90.9 percent of the Class B ordinary shares it held in the company, Tencent said.
Meituan said in a separate statement Tencent President Martin Lau Chi Ping has resigned as a board member. |
