China’s Meituan Dianping Said To Raise $3 Billion From Tencent, IDG Capital

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Update: Meituan Dianping Announced A US$4 billion Financing Round on October 19, 2017

Meituan Dianping, one of the largest Chinese on-demand local services providers, is said to be raising around US$3 billion from investors including its long-time backer Tencent Holdings Ltd., IDG Capital and other investors, people with close information of the matter said.

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