Ajisen, Hina back Baidu’s online food-ordering platform
Ajisen Holdings, a Chinese fast casual restaurant chain operator, has teamed up with The Hina Group and its affiliate Hanking Group to invest up to $70 million in Baidu Takeout Delivery, an online food delivery ordering platform run by the Chinese search giant.
According to a filing, Ajisen Investments has agreed to commit $60 million to a PE fund managed by Hina and Hanking. The $10 million will be raised from other investors by the GP. All capital raised will...
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