The repurchase strategy is set up to be held from February 19 to May 16.
The decline comes after Taiwan decided to block the sale of its local subsidiary Foodpanda to Uber.
First-quarter sales dropped 9% year-on-year, and web profits dropped 23% to $490 million.
JD.com’s shares dropped 8.1% in Hong Kong, while Meituan’s shares dropped 8% to a seven-month reduced.
Lightspeed’s RIA identification comes as the business prepares to release an overall of $7 billion in brand-new financing.
Established In 2009, it is CarWale, BikeWale and Shriram Automall.
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