China's Answer To Yelp, Foursquare & Groupon Raises $100Mil
Insiders compare Dianping to Yelp and report the China based social rating site is very popular, involving 2,000 cities in China, with more than 1 million local businesses on its website. The monthly active visitors are over 30 million with over 20 million ratings and reviews on those local businesses.
Dianping made an announcement that the social networking company from China is raising a new $100 million (US) round of funding across four funds that values the company at $1 billion (US). The funds include Trust Bridge Partners, Sequoia Capital, QiMing Ventures and Lightspeed Venture Partners.
Insiders compare Dianping to Yelp and report the China based social rating site is very popular, involving 2,000 cities in China, with more than 1 million local businesses on its website.
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