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Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high – TechCrunch

Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming preliminary public providing in Hong Kong, however the corporate’s internet losses and extending pageant from Alibaba are already elevating questions on whether or not that is too formidable, in spite of the corporate’s marketplace management in China. Meituan-Dianping, …

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