Meituan-Dianping GP closes consumer fund at $300m
Longzhu Capital, a venture capital firm established by Chinese online-to-offline (O2O) services platform Meituan-Dianping, has closed its debut fund at RMB2 billion ($300 million).
The vehicle launched in early 2017 with the aim of raising RMB3 billion and a brief to make early-stage consumer investments. At the time, RMB1.5 billion was supposed to be the first close, but the most...
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