Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high
Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high
Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are already raising questions about whether that is too ambitious, des…