The food-delivery company has a highly successful app but makes no profit. A $55 billion valuation looks a stretch, especially at a bad time for Chinese tech stocks.
WSJ.com: Markets, Wall Street Journal: Markets: Market News
Mon, 09/03/2018 - 2:01am
The food-delivery company has a highly successful app but makes no profit. A $55 billion valuation looks a stretch, especially at a bad time for Chinese tech stocks.