Dianping Lands USD 60 Mln in Fourth-Round Funding

Netease Tech, 8/10/12

Chinese online ratings and group-buy LBS Dianping.com has confirmed that it has landed over USD 60 mln in fourth-round funding. The funds will be put towards Dianping's mobile internet business, group buying business, and new business development.

An industry source claimed that a number of investors participated in the round, including Sequoia Capital.

According to another source, the funds will support the company until 2013.

Editor's Note: For more information on this topic, please see "Dianping Obtains USD 100 Mln in VC Funding," MD 4/26/11 and "Dianping Secures Second Round Funding," MD 1/16/08 issues.

Keywords: Internet funding VC Dianping fourth-round Sequoia Capital mobile Internet group buying online ratings online reviews

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily