Dianping attracts US$60m in funding
By Ding Yining |
August 11, 2012, Saturday
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Print Edition
Print Edition
SHANGHAI-BASED restaurant review website Dianping.com yesterday said it has raised US$60 million from unidentified institutional investors and will focus on mobile Internet projects at a time when web users are more frequently turning to smartphones and tablet computers.
Dianping, which also runs a daily deals unit, said the number of viewers from mobile websites and smartphone applications has surpassed that from desktop computers earlier this month.
The capital will be used to consolidate its position in the mobile Internet sector and expand new businesses, the website added yesterday, without saying where the funding comes from.
This is the fourth time the company raised funding from venture capital firms.
Dianping, which also runs a daily deals unit, said the number of viewers from mobile websites and smartphone applications has surpassed that from desktop computers earlier this month.
The capital will be used to consolidate its position in the mobile Internet sector and expand new businesses, the website added yesterday, without saying where the funding comes from.
This is the fourth time the company raised funding from venture capital firms.
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