The fortune net has invested at least 600 million dollars in tiger global and high allocations.


The fortune net has invested at least 600 million dollars in tiger global and high allocations.

Sina Technologies News Beijing morning on October 10, according to Bloomberg, citing people familiar with the situation, China's startup American Cuisine Network has raised at least $600 million in a round of financing led by Tiger Global Management and Hillhouse Capital.

The money will be used to expand the business and help the company gain a bigger share of China's decentralized food procurement market, people familiar with the matter said. According to its disclosure, the company raised about $800 million with a valuation of $7 billion. In the financing round before January, the pre financing valuation of the US Food Network reached US $2 billion 800 million.

Founded by scientist Liu Chuanjun in 2014, Meicai aims to buy agricultural products for about 10 million small and medium-sized restaurants in China.

Mei Cai and Gao Ling capital declined to comment on absolute financing news. Tiger Global's external public relations agency has yet to respond. (a boat)


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