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Analysts are skeptical because one Tencent affiliate is buying another one at a price that may benefit the parent company.
As part of the agreement, Alibaba intends to merge Ele.me with in-house arm Koubei, which focuses on connecting restaurants to the internet.
Megvii provides face-scanning systems to companies including Lenovo Group Ltd. and Ant Financial, the payments company that underpins Alibaba’s e-commerce platforms.
Thiel is weighing different approaches for investment, including raising a fund directly or through a partnership.
The company has already announced two other funding rounds this year as it raised more than $1.2 billion.
Chinese startups continue to seek stock offerings in the U.S. even as the Hong Kong bourse has started attracting a wider range of tech and health-care firms
Alibaba bought full control of Ele.me in April this year in a deal valuing the latter at $9.5 billion.
Mobike is making the moves as it fends off rivals backed by Alibaba Group Holding Ltd. and Ant Financial.
Once a scrappy startup that helped people book doctors, it’s grown into a outfit valued at $5.5 billion that operates online follow-up consultations, drug prescriptions and actual clinics staffed by physicians.
The company was founded by ex-Google engineer Colin Huang and counts Tencent Holdings Ltd. and Sequoia Capital China as backers.