China online food delivery co raises $350 million from CITIC PE, Tencent, JD.com, others

By Paul Carsten BEIJING (Reuters) - Chinese online food delivery service Ele.me said on Tuesday it has raised $350 million from investors including CITIC Private Equity, Tencent Holdings Ltd , JD.com Inc , Dianping and Sequoia Capital. The delivery firm, whose name roughly translates as 'Hungry Now?', is part of a trend in China for what is known as online-to-offline (O2O) services. As more Chinese use their phones for everything from shopping to booking restaurants, China's internet giants Alibaba , Tencent and Baidu Inc are increasingly investing these services to attract more users to their own platforms. Earlier this month, Chinese auto information website operator Bitauto Holdings Ltd said JD.com and Tencent would together invest about $1.3 billion in the company.



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