Meituan to raise $10b from share sale, convertible bonds for R&D in drone delivery

Meituan to raise $10b from share sale, convertible bonds for R&D in drone delivery

Photo: Meituan

China’s Meituan is raising up to $10 billion in a share sale and convertible bond deal to help fund the research and development of autonomous delivery vehicles and drone delivery, according to a term sheet seen by Reuters.