Chinese lifestyle and restaurant information listings website Dianping.com has confirmed to local media that the company has completed its latest round of financing of USD60 million.
Without disclosing the investment parties, the company said the funding will be used in its mobile Internet and group buying sectors, as well as its new business expansion.
This is the fourth-round of financing for the company.
. In January 2006, Dianping.com gained investment from Sequoia Capital in its first-round financing;
. in May 2007, Google invested in the company;
. in April 2011, Dianping.com received total investments of USD100 million from EZCapital, Sequoia Capital, Qiming Venture Partners, and Lightspeed Venture Partners.
According to the company, by the end of the second quarter of 2012, Dianping.com had gained over 48 million active users on a monthly basis, over 20 million reviews, and it serves more than 1.5 million local businesses covering approximately 2,300 cities across China. Its mobile apps boast more than 33 million unique users and its independent mobile client users reached 40 million.
The website’s monthly comprehensive views reached nearly one billion. In addition, its group buying business maintained a double-digit growth month-over-month.
The company was founded in 2003 by CEO Tao Zhang and is headquartered in Shanghai.
Source: Dianping, chinatechnews.com (14/08/2012)