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China's Big Web Deal: Five Key Numbers for Meituan, Dianping

  • Alibaba, Tencent affiliates merging sites for food, movies
  • China's location-based services market to reach $1.1 trillion
7.2 trillion yuan is how big China’s location-based services market is expected to be by 2017. Location-based services include restaurant bookings, food deliveries and movie-ticket purchases.

7.2 trillion yuan is how big China’s location-based services market is expected to be by 2017. Location-based services include restaurant bookings, food deliveries and movie-ticket purchases.

Photographer: Brent Lewin/Bloomberg

China’s two biggest Internet companies, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., are merging their group-buying affiliates. Here are some key figures:

The value of the company formed by combining Alibaba-backed Meituan with Tencent affiliate Dianping, according to people familiar with the matter. That would mark the largest merger in China’s Internet industry based on combined valuations. Mergers and acquisitions in China driven by Alibaba and Tencent reached $58.4 billion this year, as more companies try to align forces to root out competitors.

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