China Startup Meituan Dianping Seeks $55 Billion Valuation in Hong Kong IPO

Meituan Dianping, considered one of China’s hottest web startups, is advertising a public inventory sale that would worth the corporate at near $55 billion, sharply increased than lower than a yr in the past.

The Beijing-based online-services firm, which counts Chinese language know-how titan Tencent Holdings Ltd. as considered one of its essential backers, is about to launch its preliminary public providing in Hong Kong this week at a time of turbulence for Chinese language tech shares and broader Asian markets.

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