Alibaba-Backed Meituan Said to Merge With Dianping

Meituan, an Alibaba-backed group-buying site in China, and Tencent-backed restaurant review service Dianping have agreed to merge, a person with knowledge of the matter said. Bloomberg's Zeb Eckert reports on "First Up." (Source: Bloomberg)

Toys 'R' Us Seeks Bankruptcy Protection as Debt Mounts
11:14 - Toys 'R' Us Inc. filed for bankruptcy protection, facing a crushing debt load from a previous buyout, as well as increasing competition from online retailers. Bloomberg Intelligence's Noel Hebert reports on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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