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Tencent Joins RMB 4 Bln Round in Long-term Apartment Leasing Service Ziroom

The Paper, 1/16/18

Beijing-based Ziroom Shenghuo Asset Management, operator of online O2O long-term apartment leasing service Ziroom.com, recently announced completion of RMB 4 bln in Series A funding led by Warburg Pincus, Sequoia Capital China, and Chinese internet and mobile services firm Tencent (0700.HK). Read More

Meituan-Dianping to Set Up RMB 3 Bln Industry Fund

iHeima, 2/21/17

Wang Xing, CEO of Chinese online ratings, group buy, and food O2O business Meituan-Dianping, recently revealed that the company plans to set up a new RMB 3 bln Meituan-Dianping Industry Fund, which will be led by Chen Shaohui, a senior vice president at Meituan-Dianping. Read More