China’s Meituan-Dianping Deal Mirrors Didi-Kuaidi Merger

The merger of China’s Meituan, a “Groupon for China,” and Dianping, “China’s Yelp,” to create a $15 billion giant respectively backed by Alibaba and Tencent as well as several prominent VC firms,  marks the largest combo in China’s Internet industry in a year when Internet deals involving Chinese companies are pegged at $58.4 billion, nearly double the amount for...