China’s Meal Delivery Service Meituan Now Valued At $100B
PYMNTS
MAY 26, 2020
Hong Kong’s Meituan , a food delivery service, hit a valuation of $100 billion on Tuesday (May 26) as shares soared, according to TechCrunch. Shares rose to $138 Hong Kong dollars ($17.80) following a decrease in the first quarter that wasn’t as sharp as the company predicted, and a net loss of 1.58 Tencent and Alibaba are the others.
Let's personalize your content