Meituan Dianping’s VC arm Longzhu Capital closes $300m first fund

Menu icons are displayed on the Meituan application on an Apple Inc. iPhone in an arranged photograph taken in Hong Kong, China, on Friday, March 23, 2018. Photographer: Justin Chin/Bloomberg

Longzhu Capital, the venture capital arm of Chinese internet giant Meituan Dianping, has raised a total of RMB2 billion ($301.66 million) for its debut fund, according to China Money Network.

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