Dianping and Meituan Announce Strategic Cooperation
On October 8, 2015, China's two major Internet platforms, Dianping and Meituan, announced a strategic cooperation through which they will join forces to enhance their respective market positions and growth prospects. As part of this landmark transaction, Dianping and Meituan have set up a new company that is expected to run the leading "online to offline"—or O2O—platform in China. The transaction is strongly supported by shareholders of both companies. Wilson Sonsini Goodrich & Rosati is serving as legal counsel to Sequoia Capital, a major shareholder of Dianping and Meituan.
For more information, click here to read the companies' joint press release.