Ding Ding Map Obtains New Funding From Alibaba, Citi Bank
Sohu IT, 11/01/12
Chinese local listings search engine Ding Ding Map has announced that the company recently secured an undisclosed amount of funding from Chinese e-commerce conglomerate Alibaba Group and Citi Bank Investments.
Upon the completion of funding, Ding Ding Map's local listing services had reached 38 Chinese cities. The company continues to expand its workforce in order to better compete in the O2O marketplace.
Ding Ding Map has 13 mln registered users in 38 Chinese cities. The company has offered deals and coupons for more than 100,000 businesses.
Editor's Note: Ding Ding Map's current round of funding is presumed to be its fifth round of funding. Ding Ding Map has yet to comment on the matter.
For more information on this topic, please see "Ding Ding Coupon Releases Merchant Edition of Mobile App," MD 8/08/12 and "Update: Ding Ding Map Secures USD 40 Mln in Funding," MD 6/19/12 issues.
Keywords: Internet funding Citi Ding Ding Map Alibaba Group dingding.com mapping mobile application fifth-round local search mobile mapping
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