The restaurant booking platform has followed a $79m series C backed by Baidu and Dianping with a series C+ round that values it at more than $430m.
Meiweibuyongdeng, the China-based creator of an app that enables restaurants to manage their bookings, has raised an undisclosed amount in a series C+ round co-led by e-commerce firm Alibaba, China Money Network reported yesterday.
Koubei, Alibaba’s local services subsidiary, co-led the round with asset management firm Zhongzhi Capital. The funding valued the company at RMB3bn ($433m).
Meiweibuyongdeng has developed an app that enables restaurants with long queues to issue customers with booking numbers, meaning they can go elsewhere and be…
