
Chinese on-demand booking platform Meituan Dianping on Wednesday said it has agreed to buy all of bike-sharing startup Mobike in a deal that will combine two ventures backed by technology conglomerate Tencent Holdings.
Union of Tencent-backed ventures is part of a turf war with Alibaba
Chinese on-demand booking platform Meituan Dianping on Wednesday said it has agreed to buy all of bike-sharing startup Mobike in a deal that will combine two ventures backed by technology conglomerate Tencent Holdings.
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