Meituan becomes world’s 4th-most valuable startup at $30 bn

China-based local services platform Meituan Dianping has become world's fourth-most valuable startup after raising $4 billion in a Series C funding valuing the startup at $30 billion. The investors, led by existing backer Tencent, also included travel giant Priceline, Sequoia, and IDG. Founded in 2010, the startup delivers food, sells groceries and movie tickets, and provides restaurant reviews.