Rumor: Meituan-Dianping Completes USD 3.3 Bln Funding

NetEase Tech, 1/18/16

Meituan-Dianping, the new company formed by the merger of Chinese group buy site Meituan and online ratings and group buy site Dianping, has completed USD 3.3 bln in new funding, according to a source within the company who said that more detailed information would be issued later.

Online media outlet NetEase Tech first reported the funding news yesterday, citing an investment banking source. The Meituan-Dianping source reportedly confirmed the amount, said that funds had already been deposited into Meituan-Dianping's accounts, and added that the company will invest a significant portion of these funds in its online and mobile food ordering and delivery business. The investors contributing to this round of funding have not been disclosed.

Editor's Note: For more information on this topic, please see "Rumor: Meituan-Dianping Nears Completion of USD 3 Bln Funding," MD 12/22/15 and "Meituan-Dianping to Announce New Funding Next Week," MD 12/17/15 issues.

Keywords: Internet funding online ratings Meituan-Dianping group buying food O2O 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