


According to information published on the Hong Kong Stock Exchange website, Meituan CEO Wang Xing recently reduced his holdings of Li Auto shares. In the past few days, he has reduced his holdings of approximately 1.9479 million Li Auto Hong Kong shares at an average price per share of HK$157.84 to HK$160.51, and the cash amount was approximately HK$311 million.
According to the editor’s understanding , Li Auto has responded to this stock reduction, saying that this is Wang Xing’s personal behavior, and the stock reduction only accounts for a small part of his total holdings, and does not involve Meituan’s shareholding. The company also emphasized that specific shareholding information needs to wait for the release of the company's annual report before it can be accurately confirmed.
Wang Xing is not only the founder and CEO of Meituan, but also one of the early investors of Li Auto. This reduction of holdings is his second action after the listing of Li Auto. As early as April this year, he attracted market attention for repeatedly reducing his holdings of Li Auto shares. Even after reducing his holdings in April, he still holds a large amount of Li Auto shares. According to the equity disclosure information of the Hong Kong Stock Exchange, as of September 3, he still held 384 million Li Auto shares, and his shareholding ratio dropped from 21.9% before the reduction to 21.79%.
It is worth noting that although Wang Xing reduced his shareholding, he still holds a considerable proportion of Li Auto's shares, becoming the company's second largest shareholder after the company's founder Li Xiang. This behavior has aroused widespread concern in the market, and people are very concerned about the motivation and impact of Wang Xing's reduction
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