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China: Meituan-Dianping in $20 billion merger to form online powerhouse

By  |  October 8, 2015

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.

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    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.

    “The two companies merging would allow them to have absolute dominance of the group-buying market, and require less cash burn,” said Wang Weidong, an analyst at Internet consultancy IResearch in Beijing. “They will be putting a lot of pressure on competitors.”

    Full content: The Wall Street Journal

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