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China'S Meituan Raising $10 Billion To Bolster Technology Research

PRIVATEApr 19, 2021

Amount Raised

$10 Billion

Round Type

Funding Round

China

Description

Chinese food delivery giant Meituan launched a deal on Monday to raise up to $10 billion in shares and convertible bonds to help fund the research and development of autonomous vehicle and drone delivery services.

Company Information

Company

Meituan

Location

China

About

In the term sheet, Meituan said the cash raised would be spent on technology innovation, including the research and development of autonomous delivery vehicles and drones. Meituan said on Monday it had begun to pilot autonomous delivery vehicles in the outskirts of Beijing that achieved level 4 autonomous driving, meaning they can operate without a human driver under certain conditions. The company has been testing autonomous delivery vehicles in the area since last year and has accomplished 35,000 orders through autonomous delivery, Meituan said in a statement.

Fundz sees it the moment Meituan raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Meituan's next move

See what Strategic adds

Meituan raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.