According to HKEx, on August 31, Red Shirt China Managing Partner Shen Nanpeng reduced his holdings of about 26.35 million shares of Meituan at an average price of about HK $129 per share, for a total of about HK $3.4 billion.。After the reduction, Shen Nanpeng's shareholding ratio increased from 2.32% down to 1.86%。