Alongside Alibaba in the round were venture capital firms Northern Light Venture Capital and Sequoia Capital. Sequoia had reportedly invested $5m in December in Meituan.

China-based group buying site Meituan has has reportedly raised tens of millions of dollars for its second-round from a consortium including local e-commerce firm Alibaba Group.

Alongside Alibaba in the round were venture capital firms Northern Light Venture Capital and Sequoia Capital. Sequoia had reportedly invested $5m in December in Meituan.

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