Date
19 October 2017

Dianping IPO plan unchanged after Tencent buy-in, paper says

Zhang Tao, the founder and chief executive of Chinese restaurant review website Dianping.com, stressed that his firm will continue to independently pursue plans to go public, 21st Century Business Herald reported Thursday. The comments came after internet giant Tencent Holdings Ltd (00007.HK), agreed to buy 20 percent stake in Dianping.com and become a strategic partner. The two sides declined to disclose the exact value of the deal, the report said. Dianping’s management team is still in full control of its website, it added.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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