China's Meituan, Dianping merging to form dominant O2O player

BEIJING/HONG KONG (Reuters) - China's two biggest online-to-offline (O2O) service providers, backed separately by rivals Alibaba Group Holding and Tencent Holdings, announced a merger, as Internet firms join forces to prosper in a highly competitive market.

from Reuters: Technology News http://ift.tt/1jPTWZ5