Why Biggest China Internet Deal Didn't Need Two Sets of Bankers

Updated on
  • Merger of Meituan, Dianping agreed after 2 1/2 weeks
  • `Mediator' role between startups backed by rival billionaires

Alibaba-Backed Meituan Said to Merge With Dianping

This week’s $15 billion merger of two Chinese startups stood out for a number of reasons. It’s the largest-ever combination in the nation’s Internet industry, it forms a dominant player in the booming local services market -- and just one bank brokered the deal.

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