China: Tencent-backed Meituan-Dianping plans aggressive offline retail push

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

China’s largest provider of on-demand services Meituan-Dianping, backed by Tencent Holdings Group Ltd, said it planned to invest heavily in offline retail services in a strategy that will pitch it directly against China’s top e-commerce firms.

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