Monopoly: The merger between Meituan.com and Dianping Holdings, providers of online services such as movie and restaurant bookings, could make for a single company that totally dominates the group buying market in China.
BEIJING: A pair of Chinese firms backed by Internet giants Alibaba and Tencent will merge into a US$15bil (RM63.30bil) provider of online services including movie and restaurant reservations, Bloomberg News reported.
The merger between Meituan.com and Dianping Holdings could be announced as early as Oct 8, Bloomberg cited sources close to the deal as saying.
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