Meituan Dianping, China's leading online-to-offline service provider, recently announced that it has received an undisclosed amount of capital from China Resources Group's funding unit. China Resources Group is a state-own conglomerate that aims to help startup businesses by providing capital.

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The financial details of the deal were not disclosed. This is the second round of funding that Meituan Dianping has successfully closed following the merger of the two companies in October 2015. In January, the company closed a funding round after amassing $3.3 billion in investment, according to Tech Node.

Considering the ample resources Meituan Dianping already has in its pockets, many market analysts believe that the latest funding from China Resources Group is a market-centric strategy, wherein the company's online platform can merge with China Resources' retail assets.

With this latest deal closed, China Resources Group is expected to integrate several of its retail brands into Meituan Dianping's online platform. Among the rumored brands that are most likely to be added are Suguo, Vanguard, Tesco, Vango, Pacific Coffee, and OLE, according to Shanghai Daily. The new partnership will also strengthen Meituan Dianping's assets in the face of stiff competition with industry giants like Ctrip and Baidu Waimai.

The latest investment in Meituan Dianping is just one of the many online endeavors of China Resources Group. Last year, the company launched Ewj.com which served as an online portal for its Vanguard supermarket chain. China Resources Group also launched an on-demand delivery service in the southern and eastern region of China, unfortunately most of these initiatives failed to gain mass interest.

TagsChina Resources, china resources group, meituan, Meituan-Dianping, meituan dianping funding, china resources group investment