meituan dianping

FinanceAsia looks at why the O2O giant is leading China's two other high-flying startups as it prepares to make its way to the public market.

Tencent-backed online-to-offline unicorn, which offers everything from food delivery to travel, sees valuation soar to $30 billion. Now it faces off against a long list of enemies – not least Alibaba.

Alibaba and its affiliate are set to become the biggest shareholders in Ele.me, as the battle for control of China's O2O space intensifies.