Meituan-Dianping

Southeast Asia’s Fave raises $20M and adds mystery strategic investor from China

So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as

Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high

Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are a

Fall 2018 tech IPOs face myriad of headwinds

2018 has been an incredibly strong year for IPOs, particularly in the technology sector. Among the brand names this year that have made their public debuts are Dropbox, Xiaomi, Spotify (through a dire

Cryptocurrency and blockchain bring Asia funds to the forefront of U.S. tech

Since early 2017, there’s been a new trend in the U.S. where a number of Asian funds have been actively involved in early-stage crypto investing. Many folks in traditional tech have not heard of the

China’s Didi suspends carpooling service after another female passenger is murdered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fat

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently

Sino-US investment firms are targeting over $4 billion for new funds launched this year

As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly co

Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to ma

Go-Jek kicks off Southeast Asia expansion with Vietnam launch

Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietn

Mobike unveils first initiatives since acquisition by Meituan, including no longer requiring deposits in China

Mobike made a roster of announcements about its bikesharing program today, including the end of customer deposits in China and full integration into Meituan Diaping’s app. The developments, its firs

Indian food delivery startup Swiggy raises $210M at a $1.3B valuation

India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicor

Chinese bike-sharing pioneer Mobike sold to ambitious Meituan Dianping for $2.7B

Meituan Dianping, the fast-growing Chinese firm valued at $30 billion, is buying Mobike, a Chinese startup that helped pioneer bike-sharing services worldwide, in a major piece of consolidation. The d

Chinese local services giant Meituan-Dianping raises $4B led by Tencent and Priceline

There’s a huge funding round from one of the top local services companies in China. Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it has raised a $

Alibaba Will Reportedly Sell Its Meituan-Dianping Stake For $900M

Alibaba has reportedly reached an agreement to sell its stake in Meituan-Dianping, the group deals and online booking site that recently raised an eye-popping $3.3 billion round. According to the Wall

Meituan-Dianping, China’s Largest Group Deals Site, Closes Massive $3.3B Round At $18B Valuation

Meituan-Dianping, China’s largest group deals site, confirmed that it has closed a colossal $3.3 billion round at a valuation of $18 billion. The company claims that this is the largest single fundi