Yi Jiupi E-Commerce, the China-based owner of online wine retailer E Jiupi, has closed a $200m series D round co-led by corporates Tencent and Meituan Dianping, Marbridge Consulting reported yesterday.
Local services platform Meituan Dianping and internet group Tencent were joined by banking and asset management group China Everbright and venture capital firm Source Code Capital. The round valued the company at $1.1bn according to Marbridge.
E Jiupi is an e-commerce platform that supplies wines to retailers. It was present in 72 Chinese cities as of late 2016 and claimed about 200,000 business customers.
The funding followed a $100m series C round in August 2016 that was led by Greenwoods Asset Management and backed by Meituan Dianping, Source Code Capital, Light House Capital and HG Capital. E Jiupi had received approximately $31m in a March 2016 series B.