Alliance between Internet giants is an efficient way to gain more interests.

Meituan and Dianping seek for strategic merger

Meituan.com, a group-buying site backed by Alibaba Group and consumer review service Dianping.com, which is funded by Tencent, said in a joint statement on Oct.9, 2015 that they have struck a strategic merger.

The new company will keep a co-CEO basis. Zhang Tao, CEO of Dianping, and Wang Xing, CEO of Meituan, will be the co-CEOs and co-Chairmen of the board of the new company, who will make important decisions.

It is known that the new company will keep the original structure of their respective human resources. Meituan and Dianping will continue to run their businesses in parallel, retain their brands, and remain independent.