China’s Meituan-Dianping launches $436m consumer fund
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
Meituan-Dianping is an anchor LP in the fund, which is targeting RMB1.5 billion for its first close. Commitments have also been received from Chinese corporates such as Tencent Holdings and New Hope Group,...
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