Meituan CEO Wang Xing reduces his stake in Li Auto

Meituan CEO Wang Xing sold a total of 5.737 million shares of Li Auto between June 10 and 13, cashing out more than HK$600 million. His shareholding ratio dropped from 20.94% to 20.61%. Li Auto said that the transaction was Wang Xing's personal behavior and did not involve Meituan's shareholding.