Meituan latest Chinese unicorn to suffer post-listing slump

Delivery platform joins Xiaomi and Ping An Healthcare in getting sidetracked

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Tencent-backed food delivery service Meituan Dianping is venturing into smaller cities in China. (Photo courtesy of Meituan)

TAKASHI KAWAKAMI, Nikkei staff writer

GUANGZHOU -- Chinese online-delivery service Meituan Dianping has hit a wall in just the half year since going public, joining a host of startups in the country that have lost steam after debuting on the stock market.

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