Meituan-Dianping To Raise $3B In New Financing Round From Tencent, DST, Others

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The merged Meituan-Dianping entity, the largest on-demand local services provider in China, has reportedly raised US$2.8 billion in a new financing round, with Tencent Holdings Ltd. investing US$1 billion, according to a fundraising document reported by Chinese media.

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