Meituan Seeks to Raise About $1 Billion in Offshore Yuan Bond Sale

Chinese food-delivery giant Meituan is looking to raise the equivalent of about $1 billion through an offshore yuan bond offering, according to people familiar with the matter. The company joins a growing wave of issuers tapping the dim sum debt market.

• Meituan aims to raise the equivalent of about $1 billion
• The offering is in offshore yuan, or dim sum, bonds
• Meituan is one of China's largest food-delivery platforms