Alibaba reportedly holds a stake in the newly merged listings and e-commerce platform sized in the high single digits, and is opting to focus on its own Koubei service.
E-commerce group Alibaba has entered talks to sell a stake in China-based e-commerce and local listings platform Meituan-Dianping for up to $1bn, the Financial Times reported yesterday.
Local listings and reviews service Dianping and group buying platform Meituan agreed a merger in October 2015 that valued the newly created firm at $15bn.
Alibaba, which led Meituan’s $50m series B round in 2011 and participated in its $300m series C in May 2014, holds a stake sized in the “high…
