Meituan (HKG:3690) co-founder Mu Rongjun offloaded 2 million shares in the shopping platform, according to data from the Hong Kong Exchange on Monday.
The shares were sold at an average price of HK$171.8055 apiece.
Following the sale, Mu has 56,312,134 shares.
Shares closed 4% higher on Friday.
Price (HKD): $213.40, Change: $+8.4, Percent Change: +4.10%
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