Despite Beijing’s ongoing antitrust probe into Meituan, the internet giant reported better than expected revenue in the second quarter of 2021, luring back bargain hunters into its depressed shares.

China’s largest food delivery platform delivered sales of 43.8 billion yuan ($6.8 billion) for the June quarter, compared with the 42.4 billion yuan average of analyst estimates. The company however, posted a net loss for the third straight quarter.

In the market, Meituan shares were battered by the Chinese crackdown on internet com-panies, shedding about $160 billion in market value since its February high, which is roughly half its value. Chinese Tech companies have shown impressive growth in recent years with their continuous market expansion and innovation. However, they are volatile and can represent great risk due to unpredictable regulatory issues in mainland China.

Investors can own Meituan potentially through Chinese Equities ETFs, Emerging Markets Equities ETFs or Technology ETFs to reduce risk through diversification. One of these options is Global X MSCI China Consumer Discretionary ETF (CHIQ). The ETF holds Meituan as its top holding with a weight of 8.46%. CHIQ targets an increasingly popular investment theme within China, the consumer.

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