General Atlantic Leads $300M Series C For China’s Meituan.Com


Beijing-based Chinese group discount platform Meituan.com has raised US$300 million in series C financing led by global growth private equity firm General Atlantic, according to Chinese media reports.

Existing investors Sequoia Capital and Alibaba Group Holdings Ltd. also participated.

The investment has not been confirmed by Meituan.com.

Meituan.com received US$12 million series A financing from Sequoia Capital in 2010. It received US$50 million series B from Alibaba and Sequoia in 2011.

Founded in 2010, Meituan.com is contemplating a U.S. IPO this year, media reports said earlier this week.

The deal follows General Atlantic’s US$150 million investment in Chinese beauty products e-commerce firm Jumei International Holding Ltd., just one week before the company’s U.S. IPO.

 
China Expert network
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.

RELATED NEWS



LEAVE A REPLY