On October 2, during the National Day holiday, both Wang Xiaoxing, CEO of meituan, and Zhang Tao, CEO of public comments, had a forced but helpless attitude towards the merger.

After Fang zhe sounded the horn of capital winter at the Davos forum at the beginning of the year, all gale investment funds and funds around the world have tightened their wallets. The more companies without hematopoietic capacity, the more difficult it is to finance funds.

Since then, kuaan taxi and Kuai taxi have merged, 58 city and Ganji network have merged, and Ctrip and elong have merged. As the two largest players and competitors in the field of o2o in China, it is very difficult to get a new round of financing alone with the volume of meituan and public comments.

The capitalists have learned a lot. They throw money in vain to let the two companies fight a price war and fall into bad competition. They don't do things about cheap consumers!

Therefore, the only way for the two companies to survive is to accept the arrangement of the capitalists and move towards merger.

A few months ago, Wang Xiaoxing and Zhang Tao met in Hong Kong. Since then, the agenda of the merger of the two companies has been quietly carried out.

Now in this small private room, as the parties, Wang Xiaoxing and Zhang Tao don't have much right to speak. The final decision must be made by the major shareholders of Fang Zhe, Zhang Lei and Shen NANPENG.

"Ladies and gentlemen, according to the results of previous negotiations, the current valuation of meituan in the market is US $15 billion and that of public comment is US $8 billion. The two companies will also exchange shares and merge according to the valuation proportion.

After the merger, Mr. Wang and Mr. Zhang will serve as the joint CEO of the new company. Meituan and public comment will also operate as two independent brands and applications.

The question now is, how much is the market value of the two companies after the merger? "

Bao fan, founder of Huaxing capital, who once promoted the merger of Kuai'an and Kuai, and this time as the intermediary and financial adviser for the merger of meituan and public comments, introduced to the people in the small private room.