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Priceline, Tencent Join Investors Pumping $4 Billion into Chinese Lifestyle Site

October 20,2017 00:25

Meituan-Dianping, a Chinese lifestyle-services internet platform, raised $4 billion from an investor group led by social-media giant Tencent Holdings Ltd. TCEHY -1.98% , a deal that pinned a $30 billion valuation on the Beijing-based upstart. U.S ...and more »


Meituan-Dianping, a Chinese lifestyle-services internet platform, raised $4 billion from an investor group led by social-media giant Tencent Holdings Ltd., a deal that pinned a $30 billion valuation on the Beijing-based upstart.
U.S. travel portal Priceline Group was a new investor in the latest funding round, contributing $450 million, Priceline said in a regulatory filing. Existing investors such as Sequoia Capital, Singapore sovereign-wealth fund GIC Pte Ltd, the Canada Pension Plan Investment Board and others also participated...

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