Just 2 days ago, the company announced that it has raised a record $9.98 billion in financing to expand its services into new markets, with one of its key backers being Tencent (China's largest company).
Founded in 2010 as a group buying website (similar to Groupon), Meituan has quickly evolved into China's lifestyle super-app — offering services ranging from shopping/deals, travel, food delivery, and even ride hailing.
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