Meituan-Dianping makes hay with $4bn round

Oct 19, 2017 • Robert Lavine

The online services provider has raised $4bn in a Tencent-led round that included Priceline, and which valued the company at $30bn.

Internet group Tencent led a $4bn round for China-based online services provider Meituan-Dianping today that valued the latter at $30bn according to Reuters.

Travel services provider Priceline Group also participated in the round, as did the Singaporean state-owned GIC, Sequoia Capital, Canada Pension Plan Investment Board, Trustbridge Partners, Coatue Management, IDG Capital, Tiger Global Management and China-UAE Investment Cooperation Fund.

Meituan-Dianping runs a local services and e-commerce platform that processes about 21 million orders each day, for items such as…

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