We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!

Ele.me, the online food delivery service expanding rapidly across China, said today it has raised $350 million from a group of Chinese and U.S. investors.

The companies involved in the round include CITIC Private Equity, Tencent, JD.com, and Sequoia Capital, according to Reuters.

The company, whose name means “Hungry Now?”, told Reuters it would remain independent. The company’s growth is being driven by the growing use of mobile devices across China for e-commerce that connects online and offline service. That, in turn, is attracting the attention of such local heavyweights like Tencent and JD.com.

The company did not disclose its valuation.

Source: Reuters


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.