1. Tencent is the largest shareholder of Meituan, holding 20.14% of Class B shares; Wang Xing, chairman and CEO of Meituan Dianping, holds 573 million Class A shares, with voting rights of 48.41 %, is the controller of the company.

2. Meituan’s previous financing process was a US$12 million Series A financing from Sequoia Capital in 2010.

3. In July 2011, it received US$50 million in Series B financing from Alibaba and Sequoia Capital.

4. In May 2014, it received USD 300 million in Series C financing from General Atlantic Capital, Sequoia Capital, and Alibaba, valuing Meituan’s Series C round at approximately USD 4 billion. ?

Extended information:

The information disclosed in Meituan’s Hong Kong listing prospectus shows that Tencent is Meituan’s largest shareholder, holding 20.14% of Class B shares; Meituan Wang Xing, chairman and CEO of Dianping, holds 573 million Class A shares, with voting rights of 48.41%, and is the company’s controller. When it comes to competitors, Meituan said that it competes with Alibaba Group and its invested companies in terms of food delivery and in-store services, and competes with Ctrip International Co., Ltd. in terms of hotels, tourism and ticket transportation services.

After the Hong Kong Stock Exchange opened up "different voting rights" for the same shares, Meituan officially submitted its listing application on June 22 and will set up a different voting rights structure. Yesterday, the prospectus was disclosed on the website of the Stock Exchange. Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch were the joint sponsors of the Meituan IPO. Meituan-Dianping stated that the net proceeds from this offering will be used to upgrade technology and enhance research and development capabilities, develop new services and products, selectively acquire or invest in assets and businesses that are complementary to the company’s business and consistent with the company’s strategy, and use For working capital and general corporate purposes; however, the specific funds raised and Meituan’s valuation were not disclosed. The prospectus also disclosed some of Meituan-Dianping’s business conditions.

Reference material: Xinhuanet-What does Meituan’s Hong Kong IPO prospectus say?