The local services platform, which counts Tencent as its largest investor, has filed for an offering that could net more than $4bn at a $60bn valuation.
Meituan Dianping, the China-based local services platform backed by a host of corporates filed today for an initial public offering on the Hong Kong Stock Exchange.
The company is targeting more than $4bn in the offering, three people with knowledge of the deal told Reuters, and it is reportedly seeking a valuation of about $60bn.
Formed by the 2015 merger of group buying platform Meituan and online local listings service Dianping, Meituan Dianping now oversees an online platform…
