BEIJING (Reuters) - Chinese Internet company Meituan-Dianping, akin to a mix of Yelp, GroupOn and food delivery, said on Tuesday it has raised more than $3.3 billion in a funding round, as the firm takes on a slew of rivals in a fiercely competitive domestic market.
A spokeswoman confirmed the news to Reuters but declined to disclose details on Meituan-Dianping’s valuation.
In November, The Wall Street Journal and Financial Times reported that Alibaba is seeking to sell its stake in the firm.
Reporting by Paul Carsten; Editing by Sherry Jacob-Phillips
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