Shanghai-based 9Now.cn, a location-based services (LBS) mobile app for restaurant booking management, has completed RMB500 million (US$79 million) series C round of financing, according to its website. Participating investors include Shanghai-based Yelp-like review website Dianping.com, Baidu Inc., Matrix Partners, and other undisclosed investors. Founded in 2013, 9Now.cn allows restaurant-goers and restaurants to better manage bookings. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.