Chinese IT company in a record round of financing raised $ 3.3 billion

In response to rumors in the Chinese press about a record round of financing, a representative of the Chinese company Meituan-Dianping officially confirmed this fact, announcing that the company received $ 3.3 billion in a round of financing. For the first time a non-PJSC technology company managed to collect such a record amount.

The round was financed by the Chinese investment holding company Tencent Holdings Limited, the private investment company Trust Bridge Partners based in Shanghai, as well as the CDB Capital, Capital Today, Baillie Gifford, Temasek Holdings, Canada Pension Plan Investment Board and others.

One of the investors was the venture fund DST Global, owned by Russian businessman Yuri Milner.
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After this record round of financing, Meituan-Dianping is estimated at $ 18 billion. Last year, this enterprise from China as a result of one of the largest rounds of investment received $ 700 million from Sequoia Capital, Northern Light Venture Capital, Alibaba and other companies.

In 2015, under the leadership of investors Alibaba and Tencent, Meituan and Dianping competitors were merged into one company. Nevertheless, both services currently continue to operate independently of each other. At the moment it is not clear how exactly the funds received will be distributed between the services and what exactly they will be spent on.

Previously, the largest rounds of funding were held by AirBnB and Uber, collecting $ 1.5 and 2.1 billion, respectively.