Oct 19, 2015 01:30 PM

Feeling the Heat, Internet Companies Resort to Mergers to Stay Competitive

(Beijing) – In face of mounting difficulty achieving growth amid an economic slowdown, many Internet firms are deciding to merge with former rivals in a bid to sustain their business and ward off competition.

The latest merger involves the two major group-buying sites, and, following earlier deals between classified advertising sites and, and the car-hailing apps Didi and Kuaidi.

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