Meituan-Dianping merger to form 020 powerhouse

Scorching competition in the online-to-offline sector motivated the former rivals to agree to the merger, creating a Chinese O2O heavyweight capable of taking on Baidu's Nuomi.

Meituan-Dianping merger to form 020 powerhouse

Two large Chinese tech startups Meituan and Dianping have agreed to a merger, forming the country’s largest online-to-offline O2O platform and presenting a formidable obstacle for would-be competitors in the hotly contested sector, according to two sources familiar with the matter.

The alliance between Meituan.com, a Groupon-like lifestyle platform partly owned by Chinese Internet giant Alibaba, and Tencent-backed restaurant-review website Dianping.com will be officially announced as early as Thursday, one source told Finance...

To continue reading, please login or register for free

Click for more on: china | acquisitions | alibaba | tencent | baidu | tmt | fintech

Print Edition

FinanceAsia Print Edition

CONFERENCES