Home > Online > Meituan and Dianping to seek up to US$3 billion in financing

Meituan and Dianping to seek up to US$3 billion in financing

10/20/2015| 11:27:33 AM| ChinaTravelNews 中文

Group buy platform Meituan and ratings platform Dianping are seeking to raise US$2-3 billion from investors.

Group buy platform Meituan and ratings platform Dianping are seeking to raise US$2-3 billion from investors. It is reported that major IT player Tencent plans to take part in the investment.

Tencent, Meituan and Dianping have all declined to comment on the report.

On October 8, Meituan and Dianping announced they would merge. The two companies are backed by IT giants Alibaba and Tencent respectively.(Translation by David)

TAGS: Meituan | Dianping | merger | Tencent
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