Meituan-Dianping in Talks to Raise $3 Billion, Sources Say
Meituan-Dianping is in talks to raise $3 billion, Caixin has learned. However, the company denies that it is planning a new round of fundraising. Photo: VCG
Meituan-Dianping is in talks to raise $3 billion, Caixin has learned, paving the way for a potential initial public offering (IPO) in Hong Kong this year.
Two sources close to the matter told Caixin that China’s largest on-demand service provider is mulling a new round of fundraising, with one saying the $3 billion injection could further push up its valuation to $40 billion.
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