Chinese Dianping Meituan was among the most expensive startups of the world

Chinese Dianping Meituan was among the most expensive startups of the world


Moscow. January 20. The Chinese company, Meituan Dianping, engaged in wholesale sale and delivery of products, have attracted funding in the amount of $3.3 billion, while the cost of the company valued at $18 billion, Bloomberg reported.

This high rating has allowed the company, formed in the end of 2015 as a result of the merger Meituan.com and Dianping.com to be among the most expensive startups of the world. Investors of the company were made by the Internet giant Tencent Hoildings, as well as the DST Global funds and Trust Bridge Partners.

Internet companies and companies from the technology sector, actively developing in China. In the past year Chinese companies attracted investment of over $37 billion, the Most expensive Chinese startup was founded in 2010, smartphone manufacturer Xiaomi is its value is equal to $45 billion, ranking it second only to American service taxi Uber ($65 billion).

Now Chinese Internet companies are actively investing in the market of services online-to-offline (O2O), the capacity of which is estimated at $1.6 trillion. This term describe a number of e-Commerce services (Internet search information, ratings and reviews, discounts, etc.) to help buyers and customers of restaurants, cinemas, hotels in the real world.