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Rumor: Online Food Order Site Meican Lands 7-Digit RMB Funding

DoNews, 2/15/12

Chinese online food ordering site Meican.com has obtained several million RMB in funding from investor Xu Xiaoping, according to an industry source who said the funds have already been transferred.

Meican founder Zhao Xiao said it was not an appropriate time to reveal any details, and Xu declined to comment.

Meican, established in 2011, had nearly 20,000 registered users at the end of last year in four major cities - Beijing, Guangzhou, Shenzhen, and Tianjin - with the number of monthly orders exceeding 1 mln.

Keywords: Meican Zhao Xiao e-commerce B2C Internet funding registered users Xu Xiaoping

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