China’s Meituan Agrees to $15 Billion Dianping MergerBy and
Tie-up creates one of the largest providers of local services
Deal will pile pressure on Baidu as O2O market expands
Two Chinese startups separately backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have agreed to a merger that will create a $15 billion provider of local services including restaurant reviews and movie bookings, people with knowledge of the matter said.
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