Dianping and Meituan, which have raised a combined $2.6bn, announced a $15bn merger last month.
Newly merged China-based reviews site Dianping and group buying service Meituan are looking to raise a $3bn round led by internet company Tencent, the Wall Street Journal reported today.
Tencent is said to be providing $1bn for the round, while the remaining investors have not yet been revealed. The funding round would value the company at $20bn.
Meituan and Dianping announced a $15bn merger last month but are yet to name the new company.
Dianping was founded in 2003 and…
