Meituan-Dianping in Talks to Raise $3 Billion, Sources Say

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.