39-yr-old Chinese Founder's wealth jumps to $5.3bn after IPO
Wang Xing, the Founder, Chairman and CEO of Chinese food delivery and neighbourhood services giant Meituan Dianping, saw his net worth surge to $5.3 billion after the company's IPO. The 39-year-old owns 10.44% stake in the company, whose market value reached nearly $51 billion. The Beijing-based company raised $4.2 billion in Hong Kong's second-biggest technology IPO this year after Xiaomi.