Didi Chuxing, China's biggest ride-hailing firm, could also join the round.
Funds will be used to expand to at least 5 more large cities.
IPOs & Markets
Pactera could see a $200 million pre-IPO funding round.
Move is part of efforts by China's government to revive state behemoths with private capital.
China Resources and Sinopharm Group are in the race too.
Zhongyuan priced 3.3b shares near the bottom of the range.
China Minmetals owns eight listed companies in China and HK.
China's HNA became the largest direct shareholder in Deutsche Bank,
Hillhouse Capital is an early investor in Tencent, Baidu and JD.com
Aim is to raise up to $1bn from current funding round
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