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Tencent consortium to invest in takeaway ordering site

TENCENT has joined hands with industry partners and venture capital firms to invest a total of US$350 million in takeaway ordering website, making a further move to drive online payment and better connect with offline vendors.

Citic PE, e-commerce company, Shanghai-based food reviewing website Dianping and Sequoia Capital jointly made the investment, according to a statement yesterday. said it will establish strategic collaboration with JD and Tencent to drive market awareness and extend partnership with more restaurants and eateries.

By the end of last year, the website has covered about 20 million users in 250 domestic cities.


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