China internet players Dianping, Meituan agree merger
Rival Chinese online-to-offline (O2O) services platforms Dianping and Meituan – both of which have received substantial private equity and strategic funding – have agreed to merge. It is thought the combined entity would be worth at least $15 billion.
It is the second merger this year of competitors in China's O2O space following the unification of ride-hailing app operators Didi Dache and Kuaidi Dache. Both markets have been characterized by an aggressive...
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