News on October 7, today，There are media reports that Meituan and Dianping are about to complete their 188bet app，To be announced within a week，NetEase Technology calls Meituan、Relevant departments of Dianping，Both parties stated that they were unaware of the 188bet app。

But according to insiders revealed to NetEase Technology，The 188bet app of Meituan and Dianping is true，The 188bet app has been submitted to relevant departments for approval，Meituan、Dianping’s investors have confirmed the 188bet app，After the 188bet app, Wang Xing will be the CEO of the new company。Previously，NetEase Technology calls Meituan、Relevant departments of Dianping，Both parties stated that they were unaware of the 188bet app。

The insider said，Ele.me, which has just completed a new round of financing, will also join the 188bet app，Meituan Waimai has always been in high competition with Ele.me，Dianping is also a shareholder of Ele.me。

Merge details include:

1.Merge method

Meituan、Existing shareholders of Dianping will inject their interests into the newly formed overseas company (still adopting a VIE structure)，The ratio is roughly 7:4。This structure means that Dianping has temporarily shelved its plan to split VIE back into A shares。But in view of the many advantages of being listed on A-shares，Meituan、After the 188bet app of Dianping and "New Meida", the possibility of choosing A shares is still very high。

2． Personnel arrangements

Similar to several previous mergers，"New Meida" will adopt a "dual CEO" system。However，Due to 188bet app’s large share、Wang Xing is stronger，It is expected that the say of the two CEOs will not be on the same level。

3. business

After 188bet app，Dianping’s business focus is low frequency、High customer unit price business，Like a wedding、Exhibitions, etc.，No longer participate in high frequency、Price war in the field of low customer unit price、Subsidy war。

In addition, the media previously said that after the 188bet app, the valuation ratio of Meituan and Dianping against the new company will be 7:4，The insider also confirmed the pricing ratio。Also，The new company could be valued at up to billion，After the 188bet app, a new round of financing of US-3 billion will be completed。

Recent，Issues surrounding 188bet app’s financing，Public opinion has been discussing，188bet app executives said financing is in progress，Will be announced soon。But today it was reported that 188bet app is about to merge with Dianping，This is not the first time rumors，Both parties have previously denied this rumor。

In terms of current business development，188bet app and Dianping are becoming more and more differentiated，188bet app focuses on hotels、Movie tickets、Takeaway and other fields，Dianping focuses on catering as its core area，And make efforts in some low-frequency services，In addition, Dianping executives said on different occasions that they will make efforts to eliminate group buying in the flash discount business。

But，It does not mean that the competition between the two parties is becoming dull，188bet app in first-tier cities、Dianping is facing new reputation、Competition of Baidu Nuomi，And in third- and fourth-tier cities，188bet app’s former headquarters，Baidu Nuomi、Comments are entering，Competition in the entire local life service market is becoming fiercer，From the data released today，188bet app’s group buying business share is being eroded by several rivals。

Meanwhile，There are constant rumors that 188bet app is having difficulties in financing，And a series of negative news，188bet app used a lawyer’s letter to complain to the rumor makers。

Of course，Following the 188bet app rumors，After the 188bet app, both parties will refer to Didi Kuaishou、58 market merge mode，Can we join forces in the field of local life services to resist new word of mouth、The impact of Baidu Nuomi is unknown，But it is foreseeable that the 188bet app of the two parties will not be simple，Dianping has been rumored to dismantle the VIE structure and return to the strategic emerging version launched next year，Meituan’s road to listing in the U.S. is also not favored by capital because of the low valuation of its U.S. counterparts and slow business development，So the story that both parties can imagine when merging in the capital market is not clear。

Didi Kuaidi、58 market、The 188bet app of Youku and Tudou, the big two in business, is not as easy as imagined，Presumably Wang Xing and Zhang Tao are very aware of this situation，Learned from multiple investors，Meituan has been raising funds，Dianping also hopes to be listed on the market，It is said that Alibaba and Tencent were behind this 188bet app，Investors did not comment on this。