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

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

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

Print Edition

FinanceAsia Print Edition