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China's tech industry is about to see another billion-dollar merger. Group buying marketplaces Meituan and Dianping, both Chinese unicorns, are set to merge in a deal that would reportedly value the new entity at around $15B. This is the third merger between rivals we've seen in China this year: in February, taxi hailing startups Kuaidi Dache and Didi Dache joined forces to form what is now a $16B company, and in April, classified site 58.com bought competitor Ganji for $446M. Yesterday, Sam Altman announced that Y Combinator is building a new, non-profit research lab called YC Research, to which he is personally donating $10M. Altman emphasized that YCR "is for the benefit of the world," not to help YC's startups succeed or to add to the fund's bottom line. We're calling it now: "cockroach" will soon be the startup world's new favorite buzzword. Last week, Founder Collective's Caterina Fake predicted that "cockroach" startups will outlive the greatest of the unicorns, and today, Adam Draper of Boost.vc is advising all startups to "be the cockroach." Hope you're not squemish. How do you run an effective engineering organization? CrunchBase's Will Kessler sums up the technical and managerial lessons he's learned while building CrunchBase 2.2 in six tips.
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