Meituan gets more funds from Tencent
By Fan Feifei | China Daily | Updated: 2017-10-20 07:37
On-demand services firm plans more AI, unmanned delivery investments
Meituan-Dianping, China's largest on-demand services provider said on Thursday it has raised $4 billion in its latest financing round that values the company at $30 billion.
The round was led by Tencent Holdings Ltd, and includes new investor the Priceline Group and other key investors including Sequoia Capital, GIC of Singapore, Canada Pension Plan Investment Board, Trustbridge Partners, Tiger Global Management, Coatue Management and China-UAE Investment Cooperation Fund, the company said in a statement.
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