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Meituan
Acquired
Dan Ping and Ali Baba Are Brutal Rivals in the Food Delivery Space
Matan has sequoia china, and they got ali baba to double down in a big way. Dan ping has still, at this point, fairly little capital because they've been living off the cash flow from the dan ping product. Ten cent sees everything going on in the country through their ownership and operation of we chat. They invest an undisclosed amount in dan ping, but must have been a very large amount of capital into the company right around the same time.
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