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Tencent-backed company, which offers services similar to those of Yelp, Grubhub and Groupon, hasn’t yet delivered an annual profit
Meituan Dianping, one of China’s most popular internet startups, is marketing a public stock sale that could value the company at close to $55 billion, sharply higher than less than a year ago.
The Beijing-based online-services company, which counts Chinese technology titan Tencent Holdings Ltd. as one of its main backers, is set to launch its initial public offering in Hong Kong this week at a time of turbulence for Chinese tech stocks and broader Asian markets.