Online-to-offline service provider Meituan-Dianping has received funding from retail conglomerate China Resources’ startup investment fund with the aim of ramping up its food-delivery business.
The amount has not been specified, but the venture will capitalise on China Resources’ offline retail network, which includes such outlets as CR Vanguard, Ole, Pacific Coffee and Vango. China Resources’ retail outlets will become an integral part of Meituan-Dianping’s on-demand food-delivery service, says the Shanghai Daily.
Meituan-Dianping brings specialist technology and data-analysing techniques to the partnership.
Former competitors, Beijing-based Meituan and Shanghai-based Dianping merged in October.