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.
