Meituan was founded in 2010 by Wang Xing. While the company is publicly traded in Hong Kong, it remains private in the United States as of March 2023.

Meituan is an ecommerce platform that operates a suite of apps across a variety of services including drone-powered food delivery and consumer retail. The company is notable for the scale of its fundraising rounds, bringing in billions of dollars of venture capital funding from investors including Alibaba, Sequoia, General Atlantic, Tencent, Trust Bridge Partners, CDB Capital, Capital Today, Baillie Gifford, Temasek Holdings, and the Canada Pension Plan Investment Board. Meituan was valued at $100 billion in 2020, though this figure has reportedly dropped by up to $40 billion.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Updated on: Apr 18, 2024

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