The merged entity of China’s two largest local services rivals, Meituan-Dianping is worth some US$18 billion. Its total transaction volume reached RMB 170 billion in 2015. Now headed by Meituan founder Wang Xing, the Tencent-backed company is China’s largest on-demand, or O2O (online-to-offline), services provider, offering food delivery, restaurant booking, group buying, movie ticket booking and more.
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