Friday, July 10, 2015

Alibaba-backed Meituan raising US$1B at US$15B valuation

The online deals marketplace is unlikely to face problems raising capital, despite the recent woes and uncertainties facing China’s stock market Beijing-based*startup Meituan, an online deals marketplace backed by e-commerce giant Alibaba, is said to be raising US$1 billion at a US$15 billion valuation, The Wall Street Journal has reported, citing people familiar with the...
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