CPPIB joins $4 bln Series C funding of Meituan-Dianping

Meituan-Dianping, a Chinese service-focused e-commerce platform, has raised $4 billion in Series C financing. The round was led by China’s Tencent Holdings, with participation from the Priceline Group and a global syndicate of investors that includes Canada Pension Plan Investment Board. The deal values the company at $30 billion, Reuters reported. Founded in 2003, Meituan-Dianping connects more than 280 million users with roughly 5 million local merchants.

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