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China tech

Chinese startup Meituan's IPO marks comeback for founder

Food delivery unicorn aims for $4.2bn listing in Hong Kong amid struggles

A Meituan Dianping delivery person in Shenzhen. The company’s initial public offering in Hong Kong will give it a valuation of $52.8 billion, greater than U.S.-listed JD.com. (Photo by Nikki Sun)

HONG KONG -- In China, where people attach great importance to food, there is an old saying: min yi shi wei tian, which translates as "food is heaven to ordinary people."

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