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Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital

 Ele.me, a food delivery service based in Shanghai, announced this afternoon (link via Google Translate) that it has raised $350 million in Series E funding from CITIC, Tencent, JD.com, Dianping.com, and Sequoia China. The investment is notable because Tencent, e-commerce company JD.com, and restaurant review site Dianping.com are closely aligned. Read More