×
488
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Gadwal
Permanent · Gadwal
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
By
Reuters
Published
Oct 19, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

China's Meituan-Dianping raises $4 billion, valuing firm at $30 billion

By
Reuters
Published
Oct 19, 2017

Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China's largest on-demand services provider at $30 billion, as part of a strategy to compete with the country's leading e-commerce firms in offline retail.




Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China's largest on-demand services provider at $30 billion, as part of a strategy to compete with the country's leading e-commerce firms in offline retail.

Meituan-Dianping in a statement said the round was led by existing investor Tencent Holdings Ltd, with participants including Sequoia Capital Ltd, Singaporean sovereign wealth fund GIC Pte Ltd and Tiger Global Management LLC.

Reuters reported in August that Meituan-Dianping was considering raising up to $5 billion.

Earlier this year, Meituan-Dianping announced plans to invest in offline services and artificial intelligence technology (AI), amid a push by China's top tech firms into brick-and-mortar retail.

Often compared to services from Yelp Inc and Groupon Inc , Meituan-Dianping is an online platform for a range of services including movie ticketing, food delivery, restaurant bookings, beauty services, travel and luxury goods.

Its biggest rivals include e-commerce pair Alibaba Group Holding Ltd and JD.com Inc , both of which have championed a shift into offline stores in recent years, spurred by developments in cloud computing and big data technology.

Meituan-Dianping's plans include opening a chain of offline stores, beginning in Beijing earlier this year, as well as developing technology in logistics and AI.

In July, Meituan-Dianping's vice-president of strategy told Reuters the firm was not considering an initial public offering until it had established infrastructure for services including offline retail, and had roughly $3 billion in cash reserves remaining from a previous funding round.

Meituan-Dianping said it has 280 million users and serves as a platform for roughly 5 million businesses.

© Thomson Reuters 2021 All rights reserved.

Tags :
Business