China: Meituan-Dianping acquires third-party payment firm Qiandai

China: Meituan-Dianping acquires third-party payment firm Qiandai

Visual of Meituan website. January 2016.

Meituan-Dianping, which claims to the be largest group deals site in mainland China, has confirmed that as of Monday that it has fully acquired Qiandai, a third-party payment startup.

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