China's largest online food ordering service provider ele.me.com said it had raised $350 million from investors, including Tencent Holdings Ltd and Jingdong Century Trading Co Ltd.
Zhang Xuhao, CEO of ele.me.com which means "Are you hungry?" in English, said the latest round of financing will help the company expand its services to white-collar workers and build its own logistics systems.
According to the company, its service covers 250 cites in China with more than 200,000 restaurants listing their food on its online platform. It currently boasts 20 million users, most of whom are college students.
Other investors include CITIC Private Equity Funds Management Co Ltd, Sequoia Capital, one of Silicon Valley's top venture-capital firms, and Dianping.com, a consumer review website in China.
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