Meituan Dianping shares hit a record high of HK$110

On the afternoon of January 6, meituan Dianping shares were up 6.238 per cent at HK$110.70, a record high, and by the time of writing, Meituan Dianping’s Share value was HK$642.99billion. The group was given a “win over the market” by Credit Suisse, with its target price rising from $120 to $135.

Meituan Dianping shares hit a record high of HK$110

On January 3rd, Reuters reported that Ideal Motors had made an initial public offering in the US to raise at least $500m and go public as early as the first half of 2020.

On August 16, 2019, Ideal Car received a $530 million C-round financing from Wang Xing, the founder of the Group, bringing the cumulative financing of Ideal Car to $1.575 billion (about 11 billion yuan) and the company’s valuation at $2.93 billion (about 20.6 billion yuan).

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