Venture Houston 2018
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11 July 2018

Longzhu Capital logs $300m close

Meituan Dianping's investment arm has raised $300m from a consortium featuring the corporate itself as well as Tencent and New Hope.

Author: Thierry Heles, Reporter

Longzhu Capital, the corporate venturing arm of China-based local services portal Meituan Dianping, has closed its first fund at RMB2bn ($300m), China Money Network reported yesterday.