Meituan-Dianping has raised US.8 188bet Live Casino and plans to go public within 2 years

Author of this article: Lei Jianping 2015-12-22
Meituan-Dianping plans to raise US 188bet Live Casino through issuance of Class B preferred shares,Accounting for 16 of the total equity after financing.67%,Estimated post-financing valuation of US 188bet Live Casino。As of mid-December this year,Meituan-Dianping has completed US.8 188bet Live Casino in financing。

Meituan-Dianping’s financing has entered the final stage。A document recently obtained by Tencent Technology shows that,The name of the new company after the merger with Meituan-Dianping is CIP (China Internet Plus Holding Ltd),Overall valuation 15 188bet Live Casino US dollars。

Meituan-Dianping plans to raise US 188bet Live Casino through issuance of Class B preferred shares,Accounting for 16 of the total equity after financing.67%,Estimated post-financing valuation of US 188bet Live Casino。As of mid-December this year,Meituan-Dianping has completed US.8 188bet Live Casino in financing。

Meituan-Dianping is raising US.8 188bet Live Casino,Including a US 188bet Live Casino investment from a domestic Internet giant,Also,DST voted 3.USD 500 million,Sequoia Capital Investment 1.USD 500 million、CICC and Capital Today invested a total of US.3 188bet Live Casino。According to people familiar with the matter,Meituan-Dianping continues to raise funds,The final financing amount will exceed US 188bet Live Casino。

File display,After the merger of 188bet Live Casino,The new company is the largest O2O life service platform in China,Market share will exceed 80%

The total transaction value (GMV) in 2015 is expected to be 184.8 188bet Live Casino yuan,Expected to exceed one trillion yuan in transactions in 2019。

188bet Live Casino will operate independently within one year,Business operations will not be merged,There is only certain synergy in subsidies。

But Dianping’s business focus in the future 188bet Live Casino low frequency、High customer unit price business,Like a wedding、Exhibitions, etc.,No longer participate in high frequency、Price war in the field of low customer unit price、Subsidy war。Vice versa,Meituan 188bet Live Casino responsible for high-frequency businesses such as catering。

Meituan Dianping expects the company to start the listing process in the next 2-3 years,Investors can exit through the listing of the company。

188bet Live Casino signed a gambling agreement with new investors,Requiring Class B preference shares issued by the company,Enjoy preferential repayment rights compared with previously issued preference shares。

Withdrawal from IPO,The stock issuance price is lower than 1% of the price of purchasing Class B preferred shares in this round of 188bet Live Casino2 times,Then the equity conversion can be used to make up for the current round of Class B preferred stock investors being less than 1.Remainder of 2x investment return,Guarantee 20% investment income。

If Meituan-Dianping is liquidated or acquired,Investors of Class B preferred shares will receive priority 1 of the investment amount.2x return。Also,Provisions of Agreement,An IPO with a post-financing valuation exceeding US 188bet Live Casino is considered a valid IPO,The preferred shares will be automatically converted into ordinary shares at that time。

Meituan Dianping’s move is mainly to prevent the interests of investors who enter later from not being protected。Previously,Square’s experience pours cold water on Meituan-Dianping’s financing,Investors once valued Square at 188bet Live Casino,But the market value of Square after it went public was only US 188bet Live Casino。

Meituan Dianping’s move also indirectly inhibits Alibaba from selling old shares。The relationship between Alibaba and 188bet Live Casino has been tense recently。There are rumors,Alibaba is selling its shares in 188bet Live Casino,However, this part of Alibaba’s shares does not enjoy the protection of the above-mentioned investor entry terms。

It is reported,Meituan-Dianping CEO Wang Xing said in Wuzhen recently,Although Meituan-Dianping’s 188bet Live Casino has suffered some interference,Still going well,188bet Live Casino news expected to be announced soon。Wang Xing also said,There is no official news about Alibaba selling old Meituan shares yet。

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