China's Meituan Dianping just became the world's fourth-most valuable startup, reaching a $30bn valuation.Meituan's appeal for investors is its dominant position in a market of more than a billion people. It was formed through the 2015 merger of Meituan and Dianping, creating the leading player for internet-based services ordered via smartphone apps. （Meituan Dianping: Little-known Chinese tech startup valued at $30bn, The Independent）
Comment
Emphasis on technological innovation and strict patent layout on its main business are important reasons for Meituan Dianping to stand out from fierce competition. IPR protection for various businesses and products can effectively establish innovative advantage for e-commerce companies and reduce the risk of imitation and infringement.
（Editor Che Xingming）
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