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Meituan
Acquired
Covet Hits a New High - And It's Back!
Covet is the third largest market cap te company in china, behind tensan and alibaba. They raise about three billion dollars at a fifty billion dollar market cap when they go public. But remember, their hotel business and their travel business is also a big part of the platform. So yo, that got crushed, as you might imagine. It was all, it all hid en december, january, ye by two of twenty 20, though, revenue is back up. Total revenue up nine per cent year over year for the company.
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