Chinese Review Site Dianping Wins $100m Funding

Chinese e-coupon and store review site Dianping.com has completed a round of financing worth over $100 million with venture capital firms Trust Bridge Partners, Sequoia Capital, Qiming Ventures and Lightspeed Venture Partners, Sina reported April 26. The funding will be mainly directed towards expansion into new city markets as well as developing new group shopping services and mobile internet services, said the report.