China Group-Buying Startup Raises Funds at $18 Billion Value

  • Meituan Dianping gets $3.3 billion in one of largest VC deals
  • China's largest group-buying site was formed via a 2015 deal

China’s largest group-buying and food-delivery company, Meituan Dianping, said it has raised $3.3 billion at a valuation of $18 billion, marking the company as one of the world’s most valuable startups and underscoring the country’s rising prominence in the technology industry.

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