中国两大O2O供应商合并 美团点评抱团

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China's major O2O providers to merge into $15 bln entity

China's two major start-ups -- Dianping and Meituan -- announced a merger Thursday, in a move to join forces to enhance respective market positions and growth prospects. Meituan.com, a group-buying site backed by Alibaba, and Dianping.com, a consumer review service funded by Tencent, will turn rivalry into the country's largest Online-to-Offline platform.

The new entity, estimated to be worth over 15 billion US dollars, will offer restaurant bookings, movie ticketing and other O2O services. It will run on a co-CEO basis, and keep the original human resource structures.

Both brands will be retained with their businesses running in parallel.

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