Baidu Waimai Is Reportedly Raising $200M

Baidu Waimai, the food delivery O2O (online-to-offline) platform launched by Chinese search engine Baidu Inc., is in the process to raise US$200 million in a new round of financing, according to reports from Tencent Technology.

The round reportedly values the new platform at US$800 million, which is structured to make it a more independence entity from parent Baidu.

No information on the identities of the investors is available.

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