Tech Titans in China Take Their Battle to a New Frontier
- Tencent-backed Meituan is ramping up a rival online service
- President Chen takes on Alibaba and Baidu-backed Ctrip
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After slugging it out in ride-hailing, bike rentals and food delivery, the battle between China’s technology giants is spilling over into the travel sector.
Meituan Dianping, which has funding from Tencent Holdings Ltd., is getting ready to spend hundreds of millions of dollars over three to five years to unseat leader Ctrip.com International Ltd., backed by Baidu Inc. Also targeting the space is e-commerce juggernaut Alibaba Group Holding Ltd.