Chinese app Meituan, backed by Tencent, raises $4.2 billion in IPO By: MarketWatch September 13, 2018 at 08:18 AM EDT Chinese startup Meituan Dianping raised about $4.2 billion from its initial public offering in Hong Kong. Read More >> Related Stocks: Groupon Cl A Grubhub Ord Shs Tencent Holdings ADR Yelp Inc