Ele.me, the online food delivery service expanding rapidly across China, said today it has raised $350 million from a group of Chinese and U.S. investors.
The companies involved in the round include CITIC Private Equity, Tencent, JD.com, and Sequoia Capital, according to Reuters.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1650078,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']The company, whose name means “Hungry Now?”, told Reuters it would remain independent. The company’s growth is being driven by the growing use of mobile devices across China for e-commerce that connects online and offline service. That, in turn, is attracting the attention of such local heavyweights like Tencent and JD.com.
The company did not disclose its valuation.
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