Wednesday 17 October 2018
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27 days ago

39-year-old founder’s fortune jumps to $5.3 billion after IPO

WANG Xing, founder of Meituan Dianping, has seen his net worth surge to $5.3 billion after the initial public offering (IPO) of the food delivery giant. Meituan shares closed at HK$72.35 on Thursday, 5.3 percent above the HK$69 price of the IPO. After Hong Kong’s second-biggest technology listing of the year, the unprofitable company has [ ]

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