Tencent, Meituan Dianping lead $200m investment in online liquor retailer Yijiupi

Tencent, Meituan Dianping lead $200m investment in online liquor retailer Yijiupi

Tencent Holdings and its portfolio on-demand services platform Meituan Dianping have reportedly led a $200 million financing in Beijing-based B2B liquor trading firm Yijiupi.

The investment round is said to value the online liquor retailer at $1.1 billion, allowing it an entry into the unicorn club. China Everbright Limited and previous backer Source Code Capital participated in the round.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter