As the internet startup sets to list in Hong Kong this week, we take a look back at the journey of its founder Wang Xing, once dubbed “the unluckiest serial entrepreneur”
On June 22, 2018, Meituan-Dianping, China's biggest on-demand services platform, filed for an initial public offering (IPO) on the Hong Kong Stock Exchange. The company is seeking a valuation of up to US$55 billion, as it plans to raise US$4.5 billion from investors.
If successful, the IPO will make the company’s founder and CEO Wang Xing, who holds more than 10% of the company’s shares, one of the richest people in China. Forbes estimates that Wang, 39, currently has a net worth of US$4 billion. Not bad for someone once dubbed “the unluckiest serial entrepreneur” by the media.