Meituan Dianping seeks Hong Kong IPO with a valuation of at least $60b

Meituan Dianping seeks Hong Kong IPO with a valuation of at least $60b

7.2 trillion yuan is how big China’s location-based services market is expected to be by 2017. Location-based services include restaurant bookings, food deliveries and movie-ticket purchases. Photographer: Brent Lewin/Bloomberg

Meituan Dianping, the Chinese food reviews and delivery giant backed by Tencent Holdings Ltd., has begun discussions on a Hong Kong initial public offering as soon as this year, according to people familiar with the matter.

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