Tencent, Priceline, Xiaomi, Fosun and Wanda are all in line for exits, as reports indicate the local services platform will seek $3bn in a US flotation.
Meituan-Dianping, a China-based local services platform backed by corporates including Tencent and Priceline, plans to go public in the US, Reuters reported today citing five people with knowledge of the matter.
The initial public offering could take place as soon as 2018, according to one source, and the company would seek to raise at least $3bn. It was valued at $30bn as of a $4bn funding round led by internet group Tencent that closed last month.
Formed by the…
