Many Chinese technology stocks have come under pressure over recent months, with several down 30%, 40% or even 50% or more. The Chinese Communist Party has been cracking down on the technology sector’s meteoric rise, and is now asserting control over its growing digital economy. However, investors may now think the decline has gone far enough, with share of many beaten-down tech giants beginning to rebound slightly this week. One such company was Meituan (HKG:3690). Down 50% from all-time highs to start the week, shares have recovered up to 15% since then, following the release of its latest earnings report on 30 Aug 2021. For Q2 2021, Meituan generated total revenue of RMB43.8 billion, up 77% year-on-year (YoY), beating market forecasts. Many investors regard Meituan as a food delivery services behemoth, yet it has embarked on several significant investments that could allow it to intrude on the turf of several other...