The deal follows two major mergers between competing tech companies in China this year ( taxi app firms Didi Dache-Didi Kuaidi, and Yelp-like rivals Dianping-Meituan ), although Qunar and Ctrip are entering into a partnership not merging. Bloomberg reported that the two companies have a combined valued of $15.6 billion, so this is a major piece of consolidation nonetheless.