Xiaomi, Tencent, Wanda and Fosun all contributed to a round reportedly raised at a valuation of more than $4bn.
China-based online services reviewing platform Dianping has closed an $850m series E round backed by investors including smartphone manufacturer Xiaomi, the Wall Street Journal has reported.
The round also included internet company Tencent, conglomerates Wanda Group and Fosun Group, Singaporean state-backed fund Temasek Holdings and private equity firm FountainVest Partners.
Reports in mid-March claimed Dianping was set to raise $850m in its latest round, but the funding was confirmed on March 27 after late demand from investors postponed the close,…
