Meituan-Dianping will officially land on the Hong Kong, China stock market around September 20 this year. On October 19, 2017, Meituan announced that it has completed a new round of financing of US$4 billion, with a post-mortem valuation of US$30 billion. At present, international investors and China Changxian funds give the Meituan's price range of 40 billion to 60 billion US dollars.

About Meituan-Dianping

Meituan-Dianping (Chinese: 美团网; pinyin: Mĕituánwǎng) is a Chinese group buying website for locally found consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com offers deals of the day by selling vouchers on local services and entertainment.

Meituan-Dianping is the world's largest online and On-demand delivery platform, reaching up to 10 million daily orders and deliveries, doubling from 5 million in six months, October 2016 to March 2017. It has over 180 million monthly active users and 600 million registered users as of June 2016. The website for this service is waimai.meituan.com.

(Source: JJgle.com)