Meituan Dianping, the largest Chinese on-demand services provider close to completing a US$4.4 billion Hong Kong IPO, is in full strategic retreat from new businesses and overseas expansions. "We will first focus on our businesses in China as we see great growth potential domestically…We have 1.3 billion people and 8 million restaurants," Wang Xing, CEO of Meituan Dianping, answered China Money Network’s questions during a press conference held today in Hong Kong. "We will build upon our existing platforms to …

Meituan In Full Strategic Retreat As It Nears Completion of $4.4B HK IPO appeared first on China Money Network.