FRANKFURT (dpa-AFX) - The slide in Delivery Hero's share price since Thursday afternoon continued on Friday. At 27.66 euros, the shares of the food delivery company are now more than 16 percent below the previous day's high. The share price boost following more optimistic targets has completely fizzled out, and another positive UBS commentary did not help either.

Instead, concerns about competition in Saudi Arabia after reports from the Bloomberg news agency about Chinese Meituan entering the market weighed on the share price. Bernstein expert Annick Maas commented that the Chinese company had become the number two on the Hong Kong market in a very short space of time.

With Hungerstation, Delivery Hero is the market leader in Saudi Arabia, the most important market in the Mena region. If Meituan now launches the KeeTa app so aggressively here too, there is a risk of losing market share, according to the expert./ag/mis