Tagged: Meituan

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...

Asian Startups Claim 11% of Billion Dollar Club

It’s remarkable to see so many Asian startups placing in the top tier of global companies valued at 1$ billion or more by venture capital firms. See Billion $ Club. China claims the most with eight, followed by India with four. In a signal that the Startup Asia story is spreading throughout the region, South Korea...