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Wednesday, June 19, 2019

Tag: Wang Xing

39-year-old founder’s fortune jumps to US$5.3 billion after IPO

Meituan increased its market share of food delivery orders by 2% in the past 3 months and is seeking to move up the value chain of food, including helping restaurants source ingredients.

Tencent-backed Meituan starts taking orders for US$4.4 billion IPO

Meituan’s IPO will bankroll its costly expansion into businesses from ride-hailing to finance as it pursues an ambition to become a super-app in the vein of Tencent’s own WeChat.

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