Category: Meituan-Dianping

China’s food delivery giant Meituan hits $100B valuation amid pandemic

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in…

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India’s Swiggy raises $113M led by Prosus

Weeks after Zomato acquired Uber’s food delivery business in India, its chief local rival is bulking up some ammunition of its own. Swiggy, India’s largest food delivery startup, announced on Wednesday it has raised $113 million as part of its Series I financing round. Prosus Ventures, the biggest venture capital…

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