Tencent and Wanda are among the likely investors in the restaurant listings and reviews site, which could boost its total funding to almost $1.5bn.
Dianping, the China-based operator of a restaurant listings and review platform, has begun talks with investors including internet portal Tencent concerning an $800m series E round, the Wall Street Journal reported yesterday.
Wanda Group, the conglomerate that formed an e-commerce joint venture with Tencent and internet company Baidu in December, is also a prospective investor in the round, as are Singaporean state-backed investment fund Temasek and private equity fund Fountainvest Partners.
Dianping began life in 2003 as a reviews site…
