Mainland Online Service Giant Eyes Hong Kong IPO
"); jQuery("#212 h3").html("
"); });
2018-03-27 HKT 16:05
Share this story
The mainland's largest online platform for food ordering and restaurants and movies booking, Meituan-Dianping, has reportedly tapped three Wall Street banks to work on a Hong Kong float that could see it go public as early as this year.
Reports say discussion about the listing is still at a preliminary stage and it's too early to determine how much the company will raise.
Last October, Meituan raised US$4 billion led by mainland internet giant Tencent, valuing the on-demand service company at US$30 billion.
Established in 2015, the company is a merger of group buying website Meituan and review website Dianping.
According to the company, the platform lists over one million merchants and is used by over 30 million customers.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more