CITIC Private Equity Funds Management Participates in Financing Rounds (Asia)
Source: Greater China Private Equity Review | Author(s): Stephen Leung
China-focused private equity firm CITIC Private Equity Funds Management has backed China-based Ele.me in a US$350 million Series E financing round, with participation from venture capital firm Sequoia Capital China, media and technology group Tencent Holdings, e-commerce company JD.com and restaurant review site Dianping.com. Ele.me operates an online food ordering and delivery platform. Separately, CITIC Private Equity and venture capital firms Shenzhen Fortune Venture Capital, GP Capital, ZheShang Venture Capital and Hong Tai Fund Management participated in a Series A round worth close to US$100 million for HuiMin.cn, a China-based e-commerce online-to-offline platform.