Wang Xing leads the C round of financing for Ideal Auto, with Meituan and Dragon Ball Capital participating

In August 2019, Ideal Auto announced the completion of a $530 million Series C financing led by Meituan founder Wang Xing. Wang Xing personally invested $285 million, and Meituan's Dragon Ball Capital invested $15 million. In 2020, Ideal Auto announced that it had received $550 million in Series D financing, which was also led by Wang Xing and Meituan.