×
196
Fashion Jobs
3FATE TECHNOLOGIES PVT LTD
Production Manager-Garment Manufacturing- Saree, Salwar Suit & Lehenga
Permanent · Kanpur
PUMA
Manager- Ecommerce Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
PUMA
Digital Marketing Manager
Permanent · Bengaluru
EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
Permanent · Noida
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
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 2022 All rights reserved.

Tags :
Business