Caixin
BUSINESS & TECH

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. 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.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.