SHANGHAI • Meituan Dianping founder and chief executive officer Wang Xing's fortune has nearly doubled since his company emerged from the depths of China's Covid-19 lockdown, cementing his place among a generation of the country's most prominent technology entrepreneurs.
Meituan's stock rose 10.4 per cent on Tuesday after it reported better-than-expected revenue, driving its market value past US$100 billion (S$142 billion) for the first time and stoking hopes that the world's largest meal delivery business will bounce back as China regains its footing.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
