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Chinese delivery giant Meituan eyes US$3 billion from bond issue amid intense competition
Yahoo Finance·2025-10-30 17:30

Meituan expects to raise US3billionfromadualcurrencybondoffering,astheChineseondemanddeliverygiantlookstobolsteritswarchesttostaveoffthechallengefromrivalsledbyAlibabaGroupHoldingandJD.com.TheBeijingbasedcompanywillofferUS3 billion from a dual-currency bond offering, as the Chinese on-demand delivery giant looks to bolster its war chest to stave off the challenge from rivals led by Alibaba Group Holding and JD.com. The Beijing-based company will offer US1.99 billion in greenback-denominated bonds and 7.08 billion yuan (US$1 billion) of notes in the local currency, according to its statement to the Hong Kong stock exchange on Wednesday. Meituan said it had signed an agreement with initial buyers ...