Beijing-based Yijiupi, a B2B liquor trading firm, announced that it has raised US$200 million in series D financing round from Tencent Holdings and its portfolio on-demand services platform Meituan Dianping. China Everbright Limited and existing investor Source Code Capital also participated in the round, the company said in a statement. The latest round values the company at US$1.1 billion, becoming a new unicorn in the industry. Founded in 2014, Yijiupi operates in 83 cities in China with a monthly gross merchandise …

Tencent, Meituan Dianping Leads $200M Series D Round In Chinese Liquor Trading Firm Yijiupi appeared first on China Money Network.