Alibaba Buys Ele.me, Meituan Buys Mobike
Two huge deals that happened over the past week are shaking up the landscape for some of China’s biggest tech companies.
The second big acquisition this week was Meituan’s purchase of a controlling stake in Mobike for US$3.7 billion. The deal was announced on April 4th and is expected to add renewed competitiveness to the already fierce bike share battles.
Sources: caixinglobal.com
Technology portal Lanjing TMT
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