Chinese take out platform Meituan saw its stock drop more than 4% on July 31, hitting a two-week low as Prosus, a major shareholder, quietly offloaded around $250 million worth of shares. As of this week, Prosus holds less than 5% of Meituan’s total shares, raising questions about the company’s future prospects. The stock slump comes as Meituan continues its aggressive international expansion. This move, coupled with Meituan’s expansion in the Middle East under the Keeta brand, has intensified competition in global markets. Keeta, which rapidly captured 10% of Saudi Arabia’s food delivery market, poses a growing threat to Prosus’ investments, including Talabat, its platform in the UAE.