Meituan-Dianping, China’s largest group deals site, confirmed Monday that it has fully acquired Qiandai, a third-party payment startup. This means that Meituan-Dianping is able to run financial services ranging from mobile payment, bankcard payment to prepaid cards.

The company has not disclosed more details about the deal yet, but one thing is sure: the Chinese unicorn has finally obtained the long-coveted third-party payment license through this case, adding another key asset to its O2O ecosystem.

The move is in line with the recent Second-half era proposition proposed by the company’s founder Wang Xing, who claimed a new period is right around the corner for the company, the O2O industry and the whole nation. For him, deep integration among industries is the only solution for us to live up to the change.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.