Crowded market: Consumers in China are increasingly using smartphones and tablets to book everything from hotel rooms to car rides and grocery deliveries. – Bloomberg
HONG KONG: Two Chinese startups separately backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd will merge to create a dominant player in the nation’s booming market for local services from restaurant deals to movie bookings.
Meituan.com and Dianping.com will pool resources and cease a margin-eroding price war.
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