The merged Meituan-Dianping entity, the largest on-demand local services provider in China, has reportedly raised US$2.8 billion in a new financing round, with Tencent Holdings Ltd. investing US$1 billion, according to a fundraising document reported by Chinese media. China Internet Plus Group, which is the new name for the combined company, has also secured commitments from DST Global, TBP Capital, China International Capital Corporation Limited (CICC), and Chinese private equity firm Capital Today. The round, which is aiming to raise US$3 billion in total, values the company at US$18 billion post-money. In October, Shanghai-based Yelp-like review website...