id	sid	tid	token	lemma	pos
fbem-26879	1	1	frontiers	frontier	NOUN
fbem-26879	1	2	in	in	ADP
fbem-26879	1	3	business	business	NOUN
fbem-26879	1	4	,	,	PUNCT
fbem-26879	1	5	economics	economic	NOUN
fbem-26879	1	6	and	and	CCONJ
fbem-26879	1	7	management	management	NOUN
fbem-26879	1	8	issn	issn	PROPN
fbem-26879	1	9	:	:	PUNCT
fbem-26879	1	10	2766	2766	NUM
fbem-26879	1	11	-	-	PUNCT
fbem-26879	1	12	824x	824x	NUM
fbem-26879	1	13	|	|	ADJ
fbem-26879	1	14	vol	vol	NOUN
fbem-26879	1	15	.	.	PROPN
fbem-26879	1	16	17	17	NUM
fbem-26879	1	17	,	,	PUNCT
fbem-26879	1	18	no	no	INTJ
fbem-26879	1	19	.	.	NOUN
fbem-26879	1	20	1	1	NUM
fbem-26879	1	21	,	,	PUNCT
fbem-26879	1	22	2024	2024	NUM
fbem-26879	1	23	247	247	NUM
fbem-26879	1	24	research	research	NOUN
fbem-26879	1	25	on	on	ADP
fbem-26879	1	26	the	the	DET
fbem-26879	1	27	performance	performance	NOUN
fbem-26879	1	28	of	of	ADP
fbem-26879	1	29	continuous	continuous	ADJ
fbem-26879	1	30	mergers	merger	NOUN
fbem-26879	1	31	and	and	CCONJ
fbem-26879	1	32	acquisitions	acquisition	NOUN
fbem-26879	1	33	of	of	ADP
fbem-26879	1	34	enterprises	enterprise	NOUN
fbem-26879	1	35	from	from	ADP
fbem-26879	1	36	the	the	DET
fbem-26879	1	37	perspective	perspective	NOUN
fbem-26879	1	38	of	of	ADP
fbem-26879	1	39	platform	platform	NOUN
fbem-26879	1	40	economy	economy	NOUN
fbem-26879	1	41	-taking	-take	VERB
fbem-26879	1	42	meituan	meituan	NOUN
fbem-26879	1	43	as	as	ADP
fbem-26879	1	44	an	an	DET
fbem-26879	1	45	example	example	NOUN
fbem-26879	1	46	fuyuan	fuyuan	NOUN
fbem-26879	1	47	guo	guo	PROPN
fbem-26879	1	48	,	,	PUNCT
fbem-26879	1	49	xiang	xiang	PROPN
fbem-26879	1	50	zhu	zhu	PROPN
fbem-26879	1	51	and	and	CCONJ
fbem-26879	1	52	xinyi	xinyi	PROPN
fbem-26879	1	53	cai	cai	PROPN
fbem-26879	1	54	anhui	anhui	PROPN
fbem-26879	1	55	university	university	PROPN
fbem-26879	1	56	of	of	ADP
fbem-26879	1	57	finance	finance	NOUN
fbem-26879	1	58	and	and	CCONJ
fbem-26879	1	59	economics	economic	NOUN
fbem-26879	1	60	,	,	PUNCT
fbem-26879	1	61	bengbu	bengbu	NOUN
fbem-26879	1	62	,	,	PUNCT
fbem-26879	1	63	china	china	PROPN
fbem-26879	1	64	abstract	abstract	NOUN
fbem-26879	1	65	:	:	PUNCT
fbem-26879	1	66	in	in	ADP
fbem-26879	1	67	recent	recent	ADJ
fbem-26879	1	68	years	year	NOUN
fbem-26879	1	69	,	,	PUNCT
fbem-26879	1	70	the	the	DET
fbem-26879	1	71	development	development	NOUN
fbem-26879	1	72	of	of	ADP
fbem-26879	1	73	the	the	DET
fbem-26879	1	74	internet	internet	NOUN
fbem-26879	1	75	has	have	AUX
fbem-26879	1	76	become	become	VERB
fbem-26879	1	77	more	more	ADV
fbem-26879	1	78	and	and	CCONJ
fbem-26879	1	79	more	more	ADV
fbem-26879	1	80	intense	intense	ADJ
fbem-26879	1	81	,	,	PUNCT
fbem-26879	1	82	and	and	CCONJ
fbem-26879	1	83	the	the	DET
fbem-26879	1	84	platform	platform	NOUN
fbem-26879	1	85	economy	economy	NOUN
fbem-26879	1	86	and	and	CCONJ
fbem-26879	1	87	platform	platform	NOUN
fbem-26879	1	88	enterprises	enterprise	NOUN
fbem-26879	1	89	relying	rely	VERB
fbem-26879	1	90	on	on	ADP
fbem-26879	1	91	the	the	DET
fbem-26879	1	92	internet	internet	NOUN
fbem-26879	1	93	have	have	AUX
fbem-26879	1	94	gradually	gradually	ADV
fbem-26879	1	95	emerged	emerge	VERB
fbem-26879	1	96	and	and	CCONJ
fbem-26879	1	97	occupied	occupy	VERB
fbem-26879	1	98	the	the	DET
fbem-26879	1	99	core	core	NOUN
fbem-26879	1	100	position	position	NOUN
fbem-26879	1	101	of	of	ADP
fbem-26879	1	102	the	the	DET
fbem-26879	1	103	market	market	NOUN
fbem-26879	1	104	.	.	PUNCT
fbem-26879	2	1	in	in	ADP
fbem-26879	2	2	the	the	DET
fbem-26879	2	3	context	context	NOUN
fbem-26879	2	4	of	of	ADP
fbem-26879	2	5	platform	platform	NOUN
fbem-26879	2	6	economy	economy	NOUN
fbem-26879	2	7	,	,	PUNCT
fbem-26879	2	8	continuous	continuous	ADJ
fbem-26879	2	9	mergers	merger	NOUN
fbem-26879	2	10	and	and	CCONJ
fbem-26879	2	11	acquisitions	acquisition	NOUN
fbem-26879	2	12	by	by	ADP
fbem-26879	2	13	enterprises	enterprise	NOUN
fbem-26879	2	14	,	,	PUNCT
fbem-26879	2	15	as	as	ADP
fbem-26879	2	16	an	an	DET
fbem-26879	2	17	important	important	ADJ
fbem-26879	2	18	development	development	NOUN
fbem-26879	2	19	strategy	strategy	NOUN
fbem-26879	2	20	,	,	PUNCT
fbem-26879	2	21	have	have	VERB
fbem-26879	2	22	a	a	DET
fbem-26879	2	23	profound	profound	ADJ
fbem-26879	2	24	impact	impact	NOUN
fbem-26879	2	25	on	on	ADP
fbem-26879	2	26	corporate	corporate	ADJ
fbem-26879	2	27	performance	performance	NOUN
fbem-26879	2	28	.	.	PUNCT
fbem-26879	3	1	after	after	ADP
fbem-26879	3	2	considering	consider	VERB
fbem-26879	3	3	meituan	meituan	PROPN
fbem-26879	3	4	's	's	PART
fbem-26879	3	5	financial	financial	ADJ
fbem-26879	3	6	statements	statement	NOUN
fbem-26879	3	7	,	,	PUNCT
fbem-26879	3	8	it	it	PRON
fbem-26879	3	9	was	be	AUX
fbem-26879	3	10	found	find	VERB
fbem-26879	3	11	that	that	SCONJ
fbem-26879	3	12	meituan	meituan	PROPN
fbem-26879	3	13	has	have	AUX
fbem-26879	3	14	firmly	firmly	ADV
fbem-26879	3	15	established	establish	VERB
fbem-26879	3	16	an	an	DET
fbem-26879	3	17	important	important	ADJ
fbem-26879	3	18	position	position	NOUN
fbem-26879	3	19	in	in	ADP
fbem-26879	3	20	the	the	DET
fbem-26879	3	21	market	market	NOUN
fbem-26879	3	22	after	after	ADP
fbem-26879	3	23	three	three	NUM
fbem-26879	3	24	consecutive	consecutive	ADJ
fbem-26879	3	25	mergers	merger	NOUN
fbem-26879	3	26	and	and	CCONJ
fbem-26879	3	27	acquisitions	acquisition	NOUN
fbem-26879	3	28	.	.	PUNCT
fbem-26879	4	1	therefore	therefore	ADV
fbem-26879	4	2	,	,	PUNCT
fbem-26879	4	3	this	this	DET
fbem-26879	4	4	article	article	NOUN
fbem-26879	4	5	mainly	mainly	ADV
fbem-26879	4	6	conducts	conduct	VERB
fbem-26879	4	7	performance	performance	NOUN
fbem-26879	4	8	research	research	NOUN
fbem-26879	4	9	on	on	ADP
fbem-26879	4	10	continuous	continuous	ADJ
fbem-26879	4	11	mergers	merger	NOUN
fbem-26879	4	12	and	and	CCONJ
fbem-26879	4	13	acquisitions	acquisition	NOUN
fbem-26879	4	14	of	of	ADP
fbem-26879	4	15	enterprises	enterprise	NOUN
fbem-26879	4	16	from	from	ADP
fbem-26879	4	17	the	the	DET
fbem-26879	4	18	perspective	perspective	NOUN
fbem-26879	4	19	of	of	ADP
fbem-26879	4	20	platform	platform	NOUN
fbem-26879	4	21	economy	economy	NOUN
fbem-26879	4	22	,	,	PUNCT
fbem-26879	4	23	and	and	CCONJ
fbem-26879	4	24	takes	take	VERB
fbem-26879	4	25	the	the	DET
fbem-26879	4	26	three	three	NUM
fbem-26879	4	27	successful	successful	ADJ
fbem-26879	4	28	mergers	merger	NOUN
fbem-26879	4	29	and	and	CCONJ
fbem-26879	4	30	acquisitions	acquisition	NOUN
fbem-26879	4	31	of	of	ADP
fbem-26879	4	32	"	"	PUNCT
fbem-26879	4	33	meituan	meituan	NOUN
fbem-26879	4	34	"	"	PUNCT
fbem-26879	4	35	as	as	ADP
fbem-26879	4	36	an	an	DET
fbem-26879	4	37	example	example	NOUN
fbem-26879	4	38	.	.	PUNCT
fbem-26879	5	1	the	the	DET
fbem-26879	5	2	first	first	ADJ
fbem-26879	5	3	part	part	NOUN
fbem-26879	5	4	of	of	ADP
fbem-26879	5	5	the	the	DET
fbem-26879	5	6	article	article	NOUN
fbem-26879	5	7	is	be	AUX
fbem-26879	5	8	the	the	DET
fbem-26879	5	9	introduction	introduction	NOUN
fbem-26879	5	10	.	.	PUNCT
fbem-26879	6	1	this	this	DET
fbem-26879	6	2	article	article	NOUN
fbem-26879	6	3	mainly	mainly	ADV
fbem-26879	6	4	discusses	discuss	VERB
fbem-26879	6	5	the	the	DET
fbem-26879	6	6	research	research	NOUN
fbem-26879	6	7	background	background	NOUN
fbem-26879	6	8	,	,	PUNCT
fbem-26879	6	9	significance	significance	NOUN
fbem-26879	6	10	,	,	PUNCT
fbem-26879	6	11	research	research	NOUN
fbem-26879	6	12	methods	method	NOUN
fbem-26879	6	13	adopted	adopt	VERB
fbem-26879	6	14	,	,	PUNCT
fbem-26879	6	15	research	research	NOUN
fbem-26879	6	16	ideas	idea	NOUN
fbem-26879	6	17	based	base	VERB
fbem-26879	6	18	on	on	ADP
fbem-26879	6	19	.	.	PUNCT
fbem-26879	7	1	the	the	DET
fbem-26879	7	2	second	second	ADJ
fbem-26879	7	3	part	part	NOUN
fbem-26879	7	4	is	be	AUX
fbem-26879	7	5	the	the	DET
fbem-26879	7	6	theoretical	theoretical	ADJ
fbem-26879	7	7	foundation	foundation	NOUN
fbem-26879	7	8	and	and	CCONJ
fbem-26879	7	9	literature	literature	PROPN
fbem-26879	7	10	review	review	PROPN
fbem-26879	7	11	.	.	PUNCT
fbem-26879	8	1	reviewed	review	VERB
fbem-26879	8	2	the	the	DET
fbem-26879	8	3	research	research	NOUN
fbem-26879	8	4	status	status	NOUN
fbem-26879	8	5	of	of	ADP
fbem-26879	8	6	m&a	m&a	PROPN
fbem-26879	8	7	motivations	motivation	NOUN
fbem-26879	8	8	and	and	CCONJ
fbem-26879	8	9	the	the	DET
fbem-26879	8	10	impact	impact	NOUN
fbem-26879	8	11	of	of	ADP
fbem-26879	8	12	m&a	m&a	PROPN
fbem-26879	8	13	transactions	transaction	NOUN
fbem-26879	8	14	on	on	ADP
fbem-26879	8	15	performance	performance	NOUN
fbem-26879	8	16	at	at	ADP
fbem-26879	8	17	home	home	NOUN
fbem-26879	8	18	and	and	CCONJ
fbem-26879	8	19	abroad	abroad	ADV
fbem-26879	8	20	,	,	PUNCT
fbem-26879	8	21	analyzed	analyze	VERB
fbem-26879	8	22	relevant	relevant	ADJ
fbem-26879	8	23	research	research	NOUN
fbem-26879	8	24	literature	literature	NOUN
fbem-26879	8	25	at	at	ADP
fbem-26879	8	26	home	home	NOUN
fbem-26879	8	27	and	and	CCONJ
fbem-26879	8	28	abroad	abroad	ADV
fbem-26879	8	29	,	,	PUNCT
fbem-26879	8	30	and	and	CCONJ
fbem-26879	8	31	introduced	introduce	VERB
fbem-26879	8	32	the	the	DET
fbem-26879	8	33	concepts	concept	NOUN
fbem-26879	8	34	of	of	ADP
fbem-26879	8	35	mergers	merger	NOUN
fbem-26879	8	36	and	and	CCONJ
fbem-26879	8	37	acquisitions	acquisition	NOUN
fbem-26879	8	38	[	[	X
fbem-26879	8	39	1	1	NUM
fbem-26879	8	40	]	]	PUNCT
fbem-26879	8	41	.	.	PUNCT
fbem-26879	9	1	the	the	DET
fbem-26879	9	2	third	third	ADJ
fbem-26879	9	3	part	part	NOUN
fbem-26879	9	4	is	be	AUX
fbem-26879	9	5	an	an	DET
fbem-26879	9	6	introduction	introduction	NOUN
fbem-26879	9	7	to	to	ADP
fbem-26879	9	8	meituan	meituan	PROPN
fbem-26879	9	9	's	's	PART
fbem-26879	9	10	merger	merger	NOUN
fbem-26879	9	11	and	and	CCONJ
fbem-26879	9	12	acquisition	acquisition	NOUN
fbem-26879	9	13	cases	case	NOUN
fbem-26879	9	14	.	.	PUNCT
fbem-26879	10	1	the	the	DET
fbem-26879	10	2	fourth	fourth	ADJ
fbem-26879	10	3	part	part	NOUN
fbem-26879	10	4	is	be	AUX
fbem-26879	10	5	to	to	PART
fbem-26879	10	6	conduct	conduct	VERB
fbem-26879	10	7	performance	performance	NOUN
fbem-26879	10	8	research	research	NOUN
fbem-26879	10	9	on	on	ADP
fbem-26879	10	10	meituan	meituan	PROPN
fbem-26879	10	11	.	.	PUNCT
fbem-26879	11	1	analyze	analyze	PROPN
fbem-26879	11	2	meituan	meituan	PROPN
fbem-26879	11	3	's	's	PART
fbem-26879	11	4	business	business	NOUN
fbem-26879	11	5	performance	performance	NOUN
fbem-26879	11	6	through	through	ADP
fbem-26879	11	7	financial	financial	ADJ
fbem-26879	11	8	indicator	indicator	NOUN
fbem-26879	11	9	method	method	NOUN
fbem-26879	11	10	for	for	ADP
fbem-26879	11	11	statistical	statistical	ADJ
fbem-26879	11	12	analysis	analysis	NOUN
fbem-26879	11	13	.	.	PUNCT
fbem-26879	12	1	the	the	DET
fbem-26879	12	2	fifth	fifth	ADJ
fbem-26879	12	3	part	part	NOUN
fbem-26879	12	4	proposes	propose	VERB
fbem-26879	12	5	relevant	relevant	ADJ
fbem-26879	12	6	suggestions	suggestion	NOUN
fbem-26879	12	7	.	.	PUNCT
fbem-26879	13	1	the	the	DET
fbem-26879	13	2	conclusions	conclusion	NOUN
fbem-26879	13	3	of	of	ADP
fbem-26879	13	4	this	this	DET
fbem-26879	13	5	paper	paper	NOUN
fbem-26879	13	6	are	be	AUX
fbem-26879	13	7	as	as	SCONJ
fbem-26879	13	8	follows	follow	VERB
fbem-26879	13	9	:	:	PUNCT
fbem-26879	13	10	meituan	meituan	PROPN
fbem-26879	13	11	's	's	PART
fbem-26879	13	12	business	business	NOUN
fbem-26879	13	13	performance	performance	NOUN
fbem-26879	13	14	after	after	ADP
fbem-26879	13	15	three	three	NUM
fbem-26879	13	16	successful	successful	ADJ
fbem-26879	13	17	mergers	merger	NOUN
fbem-26879	13	18	and	and	CCONJ
fbem-26879	13	19	acquisitions	acquisition	NOUN
fbem-26879	13	20	has	have	AUX
fbem-26879	13	21	basically	basically	ADV
fbem-26879	13	22	reached	reach	VERB
fbem-26879	13	23	the	the	DET
fbem-26879	13	24	expectation	expectation	NOUN
fbem-26879	13	25	of	of	ADP
fbem-26879	13	26	its	its	PRON
fbem-26879	13	27	m&a	m&a	PROPN
fbem-26879	13	28	motivation	motivation	NOUN
fbem-26879	13	29	,	,	PUNCT
fbem-26879	13	30	which	which	PRON
fbem-26879	13	31	is	be	AUX
fbem-26879	13	32	a	a	DET
fbem-26879	13	33	case	case	NOUN
fbem-26879	13	34	of	of	ADP
fbem-26879	13	35	internet	internet	NOUN
fbem-26879	13	36	m&a	m&a	PROPN
fbem-26879	13	37	that	that	PRON
fbem-26879	13	38	can	can	AUX
fbem-26879	13	39	be	be	AUX
fbem-26879	13	40	used	use	VERB
fbem-26879	13	41	for	for	ADP
fbem-26879	13	42	reference	reference	NOUN
fbem-26879	13	43	by	by	ADP
fbem-26879	13	44	platform	platform	NOUN
fbem-26879	13	45	enterprises	enterprise	NOUN
fbem-26879	13	46	[	[	X
fbem-26879	13	47	2	2	NUM
fbem-26879	13	48	]	]	PUNCT
fbem-26879	13	49	.	.	PUNCT
fbem-26879	14	1	keywords	keyword	NOUN
fbem-26879	14	2	:	:	PUNCT
fbem-26879	14	3	corporate	corporate	ADJ
fbem-26879	14	4	mergers	merger	NOUN
fbem-26879	14	5	and	and	CCONJ
fbem-26879	14	6	acquisitions	acquisition	NOUN
fbem-26879	14	7	,	,	PUNCT
fbem-26879	14	8	meituan	meituan	NOUN
fbem-26879	14	9	,	,	PUNCT
fbem-26879	14	10	merger	merger	NOUN
fbem-26879	14	11	and	and	CCONJ
fbem-26879	14	12	acquisition	acquisition	NOUN
fbem-26879	14	13	motives	motive	NOUN
fbem-26879	14	14	,	,	PUNCT
fbem-26879	14	15	performance	performance	NOUN
fbem-26879	14	16	research	research	NOUN
fbem-26879	14	17	.	.	PUNCT
fbem-26879	15	1	1	1	X
fbem-26879	15	2	.	.	X
fbem-26879	15	3	introduction	introduction	NOUN
fbem-26879	15	4	1.1	1.1	NUM
fbem-26879	15	5	.	.	PUNCT
fbem-26879	16	1	research	research	NOUN
fbem-26879	16	2	background	background	NOUN
fbem-26879	16	3	and	and	CCONJ
fbem-26879	16	4	significance	significance	NOUN
fbem-26879	16	5	1.1.1	1.1.1	NUM
fbem-26879	16	6	.	.	PUNCT
fbem-26879	17	1	research	research	NOUN
fbem-26879	17	2	background	background	NOUN
fbem-26879	17	3	the	the	DET
fbem-26879	17	4	popularity	popularity	NOUN
fbem-26879	17	5	of	of	ADP
fbem-26879	17	6	networking	network	VERB
fbem-26879	17	7	makes	make	VERB
fbem-26879	17	8	platform	platform	NOUN
fbem-26879	17	9	economy	economy	NOUN
fbem-26879	17	10	and	and	CCONJ
fbem-26879	17	11	platform	platform	NOUN
fbem-26879	17	12	enterprises	enterprise	NOUN
fbem-26879	17	13	that	that	PRON
fbem-26879	17	14	rely	rely	VERB
fbem-26879	17	15	on	on	ADP
fbem-26879	17	16	the	the	DET
fbem-26879	17	17	internet	internet	NOUN
fbem-26879	17	18	become	become	VERB
fbem-26879	17	19	the	the	DET
fbem-26879	17	20	focus	focus	NOUN
fbem-26879	17	21	.	.	PUNCT
fbem-26879	18	1	affected	affect	VERB
fbem-26879	18	2	by	by	ADP
fbem-26879	18	3	the	the	DET
fbem-26879	18	4	platform	platform	NOUN
fbem-26879	18	5	economy	economy	NOUN
fbem-26879	18	6	,	,	PUNCT
fbem-26879	18	7	many	many	ADJ
fbem-26879	18	8	enterprises	enterprise	NOUN
fbem-26879	18	9	have	have	AUX
fbem-26879	18	10	begun	begin	VERB
fbem-26879	18	11	to	to	PART
fbem-26879	18	12	diversify	diversify	VERB
fbem-26879	18	13	their	their	PRON
fbem-26879	18	14	operations	operation	NOUN
fbem-26879	18	15	and	and	CCONJ
fbem-26879	18	16	expand	expand	VERB
fbem-26879	18	17	their	their	PRON
fbem-26879	18	18	business	business	NOUN
fbem-26879	18	19	scope	scope	NOUN
fbem-26879	18	20	.	.	PUNCT
fbem-26879	19	1	both	both	DET
fbem-26879	19	2	companies	company	NOUN
fbem-26879	19	3	hope	hope	VERB
fbem-26879	19	4	to	to	PART
fbem-26879	19	5	enhance	enhance	VERB
fbem-26879	19	6	their	their	PRON
fbem-26879	19	7	competitiveness	competitiveness	NOUN
fbem-26879	19	8	and	and	CCONJ
fbem-26879	19	9	expand	expand	VERB
fbem-26879	19	10	their	their	PRON
fbem-26879	19	11	market	market	NOUN
fbem-26879	19	12	power	power	NOUN
fbem-26879	19	13	through	through	ADP
fbem-26879	19	14	mergers	merger	NOUN
fbem-26879	19	15	and	and	CCONJ
fbem-26879	19	16	acquisitions	acquisition	NOUN
fbem-26879	19	17	,	,	PUNCT
fbem-26879	19	18	which	which	PRON
fbem-26879	19	19	have	have	AUX
fbem-26879	19	20	become	become	VERB
fbem-26879	19	21	increasingly	increasingly	ADV
fbem-26879	19	22	mature	mature	ADJ
fbem-26879	19	23	as	as	ADP
fbem-26879	19	24	a	a	DET
fbem-26879	19	25	strategic	strategic	ADJ
fbem-26879	19	26	approach	approach	NOUN
fbem-26879	19	27	for	for	ADP
fbem-26879	19	28	enterprises	enterprise	NOUN
fbem-26879	19	29	.	.	PUNCT
fbem-26879	20	1	founded	found	VERB
fbem-26879	20	2	in	in	ADP
fbem-26879	20	3	2010	2010	NUM
fbem-26879	20	4	,	,	PUNCT
fbem-26879	20	5	meituan	meituan	PROPN
fbem-26879	20	6	is	be	AUX
fbem-26879	20	7	dedicated	dedicate	VERB
fbem-26879	20	8	to	to	ADP
fbem-26879	20	9	creating	create	VERB
fbem-26879	20	10	a	a	DET
fbem-26879	20	11	comprehensive	comprehensive	ADJ
fbem-26879	20	12	local	local	ADJ
fbem-26879	20	13	lifestyle	lifestyle	NOUN
fbem-26879	20	14	service	service	NOUN
fbem-26879	20	15	platform	platform	NOUN
fbem-26879	20	16	.	.	PUNCT
fbem-26879	21	1	meituan	meituan	PROPN
fbem-26879	21	2	quickly	quickly	ADV
fbem-26879	21	3	expanded	expand	VERB
fbem-26879	21	4	its	its	PRON
fbem-26879	21	5	business	business	NOUN
fbem-26879	21	6	scale	scale	NOUN
fbem-26879	21	7	and	and	CCONJ
fbem-26879	21	8	improved	improve	VERB
fbem-26879	21	9	its	its	PRON
fbem-26879	21	10	industrial	industrial	ADJ
fbem-26879	21	11	chain	chain	NOUN
fbem-26879	21	12	layout	layout	NOUN
fbem-26879	21	13	in	in	ADP
fbem-26879	21	14	the	the	DET
fbem-26879	21	15	short	short	ADJ
fbem-26879	21	16	term	term	NOUN
fbem-26879	21	17	by	by	ADP
fbem-26879	21	18	acquiring	acquire	VERB
fbem-26879	21	19	upstream	upstream	ADJ
fbem-26879	21	20	and	and	CCONJ
fbem-26879	21	21	downstream	downstream	ADJ
fbem-26879	21	22	enterprises	enterprise	NOUN
fbem-26879	21	23	.	.	PUNCT
fbem-26879	22	1	therefore	therefore	ADV
fbem-26879	22	2	,	,	PUNCT
fbem-26879	22	3	this	this	DET
fbem-26879	22	4	article	article	NOUN
fbem-26879	22	5	takes	take	VERB
fbem-26879	22	6	the	the	DET
fbem-26879	22	7	acquisition	acquisition	NOUN
fbem-26879	22	8	of	of	ADP
fbem-26879	22	9	dianping	dianping	NOUN
fbem-26879	22	10	,	,	PUNCT
fbem-26879	22	11	qianbaobao	qianbaobao	ADJ
fbem-26879	22	12	,	,	PUNCT
fbem-26879	22	13	and	and	CCONJ
fbem-26879	22	14	mobike	mobike	INTJ
fbem-26879	22	15	by	by	ADP
fbem-26879	22	16	meituan	meituan	PROPN
fbem-26879	22	17	as	as	ADP
fbem-26879	22	18	an	an	DET
fbem-26879	22	19	example	example	NOUN
fbem-26879	22	20	.	.	PUNCT
fbem-26879	23	1	1.1.2	1.1.2	X
fbem-26879	23	2	.	.	PUNCT
fbem-26879	23	3	research	research	NOUN
fbem-26879	23	4	significance	significance	NOUN
fbem-26879	23	5	1	1	NUM
fbem-26879	23	6	)	)	PUNCT
fbem-26879	23	7	theoretical	theoretical	ADJ
fbem-26879	23	8	significance	significance	NOUN
fbem-26879	23	9	two	two	NUM
fbem-26879	23	10	companies	company	NOUN
fbem-26879	23	11	,	,	PUNCT
fbem-26879	23	12	as	as	ADP
fbem-26879	23	13	emerging	emerge	VERB
fbem-26879	23	14	enterprises	enterprise	NOUN
fbem-26879	23	15	that	that	PRON
fbem-26879	23	16	have	have	AUX
fbem-26879	23	17	become	become	VERB
fbem-26879	23	18	popular	popular	ADJ
fbem-26879	23	19	in	in	ADP
fbem-26879	23	20	recent	recent	ADJ
fbem-26879	23	21	years	year	NOUN
fbem-26879	23	22	,	,	PUNCT
fbem-26879	23	23	have	have	VERB
fbem-26879	23	24	relatively	relatively	ADV
fbem-26879	23	25	scarce	scarce	ADJ
fbem-26879	23	26	research	research	NOUN
fbem-26879	23	27	related	relate	VERB
fbem-26879	23	28	to	to	ADP
fbem-26879	23	29	them	they	PRON
fbem-26879	23	30	in	in	ADP
fbem-26879	23	31	the	the	DET
fbem-26879	23	32	market	market	NOUN
fbem-26879	23	33	.	.	PUNCT
fbem-26879	24	1	because	because	SCONJ
fbem-26879	24	2	most	most	ADJ
fbem-26879	24	3	scholars	scholar	NOUN
fbem-26879	24	4	in	in	ADP
fbem-26879	24	5	china	china	PROPN
fbem-26879	24	6	currently	currently	ADV
fbem-26879	24	7	use	use	VERB
fbem-26879	24	8	the	the	DET
fbem-26879	24	9	financial	financial	ADJ
fbem-26879	24	10	indicator	indicator	NOUN
fbem-26879	24	11	method	method	NOUN
fbem-26879	24	12	to	to	PART
fbem-26879	24	13	study	study	VERB
fbem-26879	24	14	corporate	corporate	ADJ
fbem-26879	24	15	performance	performance	NOUN
fbem-26879	24	16	and	and	CCONJ
fbem-26879	24	17	ignore	ignore	VERB
fbem-26879	24	18	the	the	DET
fbem-26879	24	19	impact	impact	NOUN
fbem-26879	24	20	of	of	ADP
fbem-26879	24	21	non	non	ADJ
fbem-26879	24	22	-	-	ADJ
fbem-26879	24	23	financial	financial	ADJ
fbem-26879	24	24	indicators	indicator	NOUN
fbem-26879	24	25	,	,	PUNCT
fbem-26879	24	26	this	this	DET
fbem-26879	24	27	paper	paper	NOUN
fbem-26879	24	28	is	be	AUX
fbem-26879	24	29	based	base	VERB
fbem-26879	24	30	on	on	ADP
fbem-26879	24	31	china	china	PROPN
fbem-26879	24	32	's	's	PART
fbem-26879	24	33	national	national	ADJ
fbem-26879	24	34	conditions	condition	NOUN
fbem-26879	24	35	.	.	PUNCT
fbem-26879	25	1	starting	start	VERB
fbem-26879	25	2	with	with	ADP
fbem-26879	25	3	internet	internet	NOUN
fbem-26879	25	4	platform	platform	NOUN
fbem-26879	25	5	enterprises	enterprise	NOUN
fbem-26879	25	6	,	,	PUNCT
fbem-26879	25	7	this	this	DET
fbem-26879	25	8	paper	paper	NOUN
fbem-26879	25	9	selects	select	VERB
fbem-26879	25	10	meituan	meituan	PROPN
fbem-26879	25	11	's	's	PART
fbem-26879	25	12	m&a	m&a	PROPN
fbem-26879	25	13	of	of	ADP
fbem-26879	25	14	dianping	dianping	NOUN
fbem-26879	25	15	,	,	PUNCT
fbem-26879	25	16	qianbaobao	qianbaobao	ADJ
fbem-26879	25	17	and	and	CCONJ
fbem-26879	25	18	mobike	mobike	ADJ
fbem-26879	25	19	as	as	ADP
fbem-26879	25	20	typical	typical	ADJ
fbem-26879	25	21	cases	case	NOUN
fbem-26879	25	22	,	,	PUNCT
fbem-26879	25	23	and	and	CCONJ
fbem-26879	25	24	studies	study	NOUN
fbem-26879	25	25	m&a	m&a	PROPN
fbem-26879	25	26	performance	performance	NOUN
fbem-26879	25	27	based	base	VERB
fbem-26879	25	28	on	on	ADP
fbem-26879	25	29	financial	financial	ADJ
fbem-26879	25	30	indicators	indicator	NOUN
fbem-26879	25	31	,	,	PUNCT
fbem-26879	25	32	which	which	PRON
fbem-26879	25	33	has	have	VERB
fbem-26879	25	34	certain	certain	ADJ
fbem-26879	25	35	theoretical	theoretical	ADJ
fbem-26879	25	36	value	value	NOUN
fbem-26879	25	37	to	to	PART
fbem-26879	25	38	supplement	supplement	VERB
fbem-26879	25	39	and	and	CCONJ
fbem-26879	25	40	improve	improve	VERB
fbem-26879	25	41	m&a	m&a	PROPN
fbem-26879	25	42	performance	performance	NOUN
fbem-26879	25	43	analysis	analysis	NOUN
fbem-26879	25	44	.	.	PUNCT
fbem-26879	26	1	2	2	X
fbem-26879	26	2	)	)	PUNCT
fbem-26879	26	3	practical	practical	ADJ
fbem-26879	26	4	significance	significance	NOUN
fbem-26879	26	5	mergers	merger	NOUN
fbem-26879	26	6	and	and	CCONJ
fbem-26879	26	7	acquisitions	acquisition	NOUN
fbem-26879	26	8	are	be	AUX
fbem-26879	26	9	a	a	DET
fbem-26879	26	10	double	double	ADJ
fbem-26879	26	11	-	-	PUNCT
fbem-26879	26	12	edged	edge	VERB
fbem-26879	26	13	sword	sword	NOUN
fbem-26879	26	14	.	.	PUNCT
fbem-26879	27	1	some	some	DET
fbem-26879	27	2	companies	company	NOUN
fbem-26879	27	3	'	'	PART
fbem-26879	27	4	mergers	merger	NOUN
fbem-26879	27	5	and	and	CCONJ
fbem-26879	27	6	acquisitions	acquisition	NOUN
fbem-26879	27	7	seriously	seriously	ADV
fbem-26879	27	8	affect	affect	VERB
fbem-26879	27	9	their	their	PRON
fbem-26879	27	10	profitability	profitability	NOUN
fbem-26879	27	11	due	due	ADP
fbem-26879	27	12	to	to	ADP
fbem-26879	27	13	the	the	DET
fbem-26879	27	14	inability	inability	NOUN
fbem-26879	27	15	to	to	PART
fbem-26879	27	16	integrate	integrate	VERB
fbem-26879	27	17	their	their	PRON
fbem-26879	27	18	businesses	business	NOUN
fbem-26879	27	19	effectively	effectively	ADV
fbem-26879	27	20	.	.	PUNCT
fbem-26879	28	1	however	however	ADV
fbem-26879	28	2	,	,	PUNCT
fbem-26879	28	3	meituan	meituan	PROPN
fbem-26879	28	4	has	have	AUX
fbem-26879	28	5	occupied	occupy	VERB
fbem-26879	28	6	an	an	DET
fbem-26879	28	7	important	important	ADJ
fbem-26879	28	8	position	position	NOUN
fbem-26879	28	9	in	in	ADP
fbem-26879	28	10	the	the	DET
fbem-26879	28	11	e	e	NOUN
fbem-26879	28	12	-	-	NOUN
fbem-26879	28	13	commerce	commerce	NOUN
fbem-26879	28	14	market	market	NOUN
fbem-26879	28	15	through	through	ADP
fbem-26879	28	16	mergers	merger	NOUN
fbem-26879	28	17	and	and	CCONJ
fbem-26879	28	18	acquisitions	acquisition	NOUN
fbem-26879	28	19	of	of	ADP
fbem-26879	28	20	dianping	dianping	NOUN
fbem-26879	28	21	,	,	PUNCT
fbem-26879	28	22	qianbaobao	qianbaobao	ADJ
fbem-26879	28	23	,	,	PUNCT
fbem-26879	28	24	and	and	CCONJ
fbem-26879	28	25	mobike	mobike	ADJ
fbem-26879	28	26	.	.	PUNCT
fbem-26879	29	1	therefore	therefore	ADV
fbem-26879	29	2	,	,	PUNCT
fbem-26879	29	3	on	on	ADP
fbem-26879	29	4	the	the	DET
fbem-26879	29	5	basis	basis	NOUN
fbem-26879	29	6	of	of	ADP
fbem-26879	29	7	existing	exist	VERB
fbem-26879	29	8	research	research	NOUN
fbem-26879	29	9	,	,	PUNCT
fbem-26879	29	10	this	this	DET
fbem-26879	29	11	paper	paper	NOUN
fbem-26879	29	12	analyzes	analyze	VERB
fbem-26879	29	13	the	the	DET
fbem-26879	29	14	case	case	NOUN
fbem-26879	29	15	of	of	ADP
fbem-26879	29	16	meituan	meituan	PROPN
fbem-26879	29	17	m&a	m&a	PROPN
fbem-26879	29	18	,	,	PUNCT
fbem-26879	29	19	hoping	hope	VERB
fbem-26879	29	20	to	to	PART
fbem-26879	29	21	enlighten	enlighten	VERB
fbem-26879	29	22	other	other	ADJ
fbem-26879	29	23	enterprises	enterprise	NOUN
fbem-26879	29	24	with	with	ADP
fbem-26879	29	25	m&a	m&a	PROPN
fbem-26879	29	26	plans	plan	NOUN
fbem-26879	29	27	in	in	ADP
fbem-26879	29	28	the	the	DET
fbem-26879	29	29	internet	internet	NOUN
fbem-26879	29	30	industry	industry	NOUN
fbem-26879	29	31	,	,	PUNCT
fbem-26879	29	32	and	and	CCONJ
fbem-26879	29	33	develop	develop	VERB
fbem-26879	29	34	their	their	PRON
fbem-26879	29	35	own	own	ADJ
fbem-26879	29	36	m&a	m&a	PROPN
fbem-26879	29	37	plans	plan	NOUN
fbem-26879	29	38	in	in	ADP
fbem-26879	29	39	line	line	NOUN
fbem-26879	29	40	with	with	ADP
fbem-26879	29	41	their	their	PRON
fbem-26879	29	42	own	own	ADJ
fbem-26879	29	43	reality	reality	NOUN
fbem-26879	29	44	.	.	PUNCT
fbem-26879	30	1	1.2	1.2	NUM
fbem-26879	30	2	.	.	PUNCT
fbem-26879	30	3	research	research	NOUN
fbem-26879	30	4	content	content	NOUN
fbem-26879	30	5	taking	take	VERB
fbem-26879	30	6	meituan	meituan	PROPN
fbem-26879	30	7	's	's	PART
fbem-26879	30	8	three	three	NUM
fbem-26879	30	9	successful	successful	ADJ
fbem-26879	30	10	mergers	merger	NOUN
fbem-26879	30	11	and	and	CCONJ
fbem-26879	30	12	acquisitions	acquisition	NOUN
fbem-26879	30	13	as	as	ADP
fbem-26879	30	14	an	an	DET
fbem-26879	30	15	example	example	NOUN
fbem-26879	30	16	,	,	PUNCT
fbem-26879	30	17	this	this	DET
fbem-26879	30	18	article	article	NOUN
fbem-26879	30	19	focuses	focus	VERB
fbem-26879	30	20	on	on	ADP
fbem-26879	30	21	its	its	PRON
fbem-26879	30	22	motives	motive	NOUN
fbem-26879	30	23	and	and	CCONJ
fbem-26879	30	24	performance	performance	NOUN
fbem-26879	30	25	in	in	ADP
fbem-26879	30	26	mergers	merger	NOUN
fbem-26879	30	27	and	and	CCONJ
fbem-26879	30	28	acquisitions	acquisition	NOUN
fbem-26879	30	29	.	.	PUNCT
fbem-26879	31	1	following	follow	VERB
fbem-26879	31	2	the	the	DET
fbem-26879	31	3	research	research	NOUN
fbem-26879	31	4	approach	approach	NOUN
fbem-26879	31	5	,	,	PUNCT
fbem-26879	31	6	it	it	PRON
fbem-26879	31	7	discusses	discuss	VERB
fbem-26879	31	8	the	the	DET
fbem-26879	31	9	reasons	reason	NOUN
fbem-26879	31	10	and	and	CCONJ
fbem-26879	31	11	mechanisms	mechanism	NOUN
fbem-26879	31	12	of	of	ADP
fbem-26879	31	13	the	the	DET
fbem-26879	31	14	impact	impact	NOUN
fbem-26879	31	15	of	of	ADP
fbem-26879	31	16	mergers	merger	NOUN
fbem-26879	31	17	and	and	CCONJ
fbem-26879	31	18	acquisitions	acquisition	NOUN
fbem-26879	31	19	on	on	ADP
fbem-26879	31	20	corporate	corporate	ADJ
fbem-26879	31	21	performance	performance	NOUN
fbem-26879	31	22	from	from	ADP
fbem-26879	31	23	the	the	DET
fbem-26879	31	24	perspective	perspective	NOUN
fbem-26879	31	25	of	of	ADP
fbem-26879	31	26	platform	platform	NOUN
fbem-26879	31	27	economy	economy	NOUN
fbem-26879	31	28	,	,	PUNCT
fbem-26879	31	29	and	and	CCONJ
fbem-26879	31	30	proposes	propose	VERB
fbem-26879	31	31	scientific	scientific	ADJ
fbem-26879	31	32	suggestions	suggestion	NOUN
fbem-26879	31	33	based	base	VERB
fbem-26879	31	34	on	on	ADP
fbem-26879	31	35	this	this	PRON
fbem-26879	31	36	.	.	PUNCT
fbem-26879	32	1	this	this	DET
fbem-26879	32	2	article	article	NOUN
fbem-26879	32	3	is	be	AUX
fbem-26879	32	4	expected	expect	VERB
fbem-26879	32	5	to	to	PART
fbem-26879	32	6	be	be	AUX
fbem-26879	32	7	divided	divide	VERB
fbem-26879	32	8	into	into	ADP
fbem-26879	32	9	five	five	NUM
fbem-26879	32	10	parts	part	NOUN
fbem-26879	32	11	,	,	PUNCT
fbem-26879	32	12	and	and	CCONJ
fbem-26879	32	13	the	the	DET
fbem-26879	32	14	following	follow	VERB
fbem-26879	32	15	is	be	AUX
fbem-26879	32	16	the	the	DET
fbem-26879	32	17	specific	specific	ADJ
fbem-26879	32	18	arrangement	arrangement	NOUN
fbem-26879	32	19	:	:	PUNCT
fbem-26879	32	20	the	the	DET
fbem-26879	32	21	first	first	ADJ
fbem-26879	32	22	part	part	NOUN
fbem-26879	32	23	of	of	ADP
fbem-26879	32	24	the	the	DET
fbem-26879	32	25	article	article	NOUN
fbem-26879	32	26	is	be	AUX
fbem-26879	32	27	the	the	DET
fbem-26879	32	28	introduction	introduction	NOUN
fbem-26879	32	29	.	.	PUNCT
fbem-26879	33	1	this	this	DET
fbem-26879	33	2	article	article	NOUN
fbem-26879	33	3	mainly	mainly	ADV
fbem-26879	33	4	discusses	discuss	VERB
fbem-26879	33	5	the	the	DET
fbem-26879	33	6	research	research	NOUN
fbem-26879	33	7	background	background	NOUN
fbem-26879	33	8	,	,	PUNCT
fbem-26879	33	9	significance	significance	NOUN
fbem-26879	33	10	,	,	PUNCT
fbem-26879	33	11	research	research	NOUN
fbem-26879	33	12	methods	method	NOUN
fbem-26879	33	13	adopted	adopt	VERB
fbem-26879	33	14	,	,	PUNCT
fbem-26879	33	15	research	research	NOUN
fbem-26879	33	16	ideas	idea	NOUN
fbem-26879	33	17	based	base	VERB
fbem-26879	33	18	on	on	ADP
fbem-26879	33	19	,	,	PUNCT
fbem-26879	33	20	as	as	ADV
fbem-26879	33	21	well	well	ADV
fbem-26879	33	22	as	as	ADP
fbem-26879	33	23	possible	possible	ADJ
fbem-26879	33	24	innovations	innovation	NOUN
fbem-26879	33	25	and	and	CCONJ
fbem-26879	33	26	shortcomings	shortcoming	NOUN
fbem-26879	33	27	of	of	ADP
fbem-26879	33	28	the	the	DET
fbem-26879	33	29	article	article	NOUN
fbem-26879	33	30	.	.	PUNCT
fbem-26879	34	1	the	the	DET
fbem-26879	34	2	second	second	ADJ
fbem-26879	34	3	part	part	NOUN
fbem-26879	34	4	is	be	AUX
fbem-26879	34	5	the	the	DET
fbem-26879	34	6	theoretical	theoretical	ADJ
fbem-26879	34	7	foundation	foundation	NOUN
fbem-26879	34	8	and	and	CCONJ
fbem-26879	34	9	literature	literature	PROPN
fbem-26879	34	10	248	248	NUM
fbem-26879	34	11	review	review	NOUN
fbem-26879	34	12	.	.	PUNCT
fbem-26879	35	1	reviewed	review	VERB
fbem-26879	35	2	the	the	DET
fbem-26879	35	3	research	research	NOUN
fbem-26879	35	4	status	status	NOUN
fbem-26879	35	5	of	of	ADP
fbem-26879	35	6	m&a	m&a	PROPN
fbem-26879	35	7	motivations	motivation	NOUN
fbem-26879	35	8	and	and	CCONJ
fbem-26879	35	9	the	the	DET
fbem-26879	35	10	impact	impact	NOUN
fbem-26879	35	11	of	of	ADP
fbem-26879	35	12	m&a	m&a	PROPN
fbem-26879	35	13	transactions	transaction	NOUN
fbem-26879	35	14	on	on	ADP
fbem-26879	35	15	performance	performance	NOUN
fbem-26879	35	16	at	at	ADP
fbem-26879	35	17	home	home	NOUN
fbem-26879	35	18	and	and	CCONJ
fbem-26879	35	19	abroad	abroad	ADV
fbem-26879	35	20	.	.	PUNCT
fbem-26879	36	1	the	the	DET
fbem-26879	36	2	three	three	NUM
fbem-26879	36	3	parts	part	NOUN
fbem-26879	36	4	are	be	AUX
fbem-26879	36	5	an	an	DET
fbem-26879	36	6	introduction	introduction	NOUN
fbem-26879	36	7	to	to	ADP
fbem-26879	36	8	meituan	meituan	PROPN
fbem-26879	36	9	's	's	PART
fbem-26879	36	10	merger	merger	NOUN
fbem-26879	36	11	and	and	CCONJ
fbem-26879	36	12	acquisition	acquisition	NOUN
fbem-26879	36	13	cases	case	NOUN
fbem-26879	36	14	.	.	PUNCT
fbem-26879	37	1	including	include	VERB
fbem-26879	37	2	meituan	meituan	PROPN
fbem-26879	37	3	's	's	PART
fbem-26879	37	4	acquisition	acquisition	NOUN
fbem-26879	37	5	of	of	ADP
fbem-26879	37	6	dianping	dianping	NOUN
fbem-26879	37	7	,	,	PUNCT
fbem-26879	37	8	meituan	meituan	PROPN
fbem-26879	37	9	's	's	PART
fbem-26879	37	10	acquisition	acquisition	NOUN
fbem-26879	37	11	of	of	ADP
fbem-26879	37	12	qianbaobao	qianbaobao	PROPN
fbem-26879	37	13	,	,	PUNCT
fbem-26879	37	14	and	and	CCONJ
fbem-26879	37	15	meituan	meituan	PROPN
fbem-26879	37	16	's	's	PART
fbem-26879	37	17	acquisition	acquisition	NOUN
fbem-26879	37	18	of	of	ADP
fbem-26879	37	19	mobike	mobike	NOUN
fbem-26879	37	20	,	,	PUNCT
fbem-26879	37	21	analyze	analyze	VERB
fbem-26879	37	22	the	the	DET
fbem-26879	37	23	motives	motive	NOUN
fbem-26879	37	24	behind	behind	ADP
fbem-26879	37	25	meituan	meituan	PROPN
fbem-26879	37	26	's	's	PART
fbem-26879	37	27	mergers	merger	NOUN
fbem-26879	37	28	and	and	CCONJ
fbem-26879	37	29	acquisitions	acquisition	NOUN
fbem-26879	37	30	based	base	VERB
fbem-26879	37	31	on	on	ADP
fbem-26879	37	32	theoretical	theoretical	ADJ
fbem-26879	37	33	knowledge	knowledge	NOUN
fbem-26879	37	34	.	.	PUNCT
fbem-26879	38	1	the	the	DET
fbem-26879	38	2	fourth	fourth	ADJ
fbem-26879	38	3	part	part	NOUN
fbem-26879	38	4	is	be	AUX
fbem-26879	38	5	to	to	PART
fbem-26879	38	6	conduct	conduct	VERB
fbem-26879	38	7	performance	performance	NOUN
fbem-26879	38	8	research	research	NOUN
fbem-26879	38	9	on	on	ADP
fbem-26879	38	10	meituan	meituan	PROPN
fbem-26879	38	11	.	.	PUNCT
fbem-26879	39	1	the	the	DET
fbem-26879	39	2	fifth	fifth	ADJ
fbem-26879	39	3	part	part	NOUN
fbem-26879	39	4	proposes	propose	VERB
fbem-26879	39	5	relevant	relevant	ADJ
fbem-26879	39	6	suggestions	suggestion	NOUN
fbem-26879	39	7	for	for	ADP
fbem-26879	39	8	statistical	statistical	ADJ
fbem-26879	39	9	analysis	analysis	NOUN
fbem-26879	39	10	of	of	ADP
fbem-26879	39	11	meituan	meituan	PROPN
fbem-26879	39	12	's	's	PART
fbem-26879	39	13	business	business	NOUN
fbem-26879	39	14	performance	performance	NOUN
fbem-26879	39	15	through	through	ADP
fbem-26879	39	16	financial	financial	ADJ
fbem-26879	39	17	indicator	indicator	NOUN
fbem-26879	39	18	method	method	NOUN
fbem-26879	39	19	.	.	PUNCT
fbem-26879	40	1	1.3	1.3	NUM
fbem-26879	40	2	.	.	PUNCT
fbem-26879	41	1	research	research	NOUN
fbem-26879	41	2	methods	method	NOUN
fbem-26879	41	3	1.3.1	1.3.1	NUM
fbem-26879	41	4	.	.	PUNCT
fbem-26879	42	1	financial	financial	ADJ
fbem-26879	42	2	indicator	indicator	NOUN
fbem-26879	42	3	method	method	VERB
fbem-26879	42	4	the	the	DET
fbem-26879	42	5	financial	financial	ADJ
fbem-26879	42	6	indicator	indicator	NOUN
fbem-26879	42	7	method	method	NOUN
fbem-26879	42	8	is	be	AUX
fbem-26879	42	9	a	a	DET
fbem-26879	42	10	financial	financial	ADJ
fbem-26879	42	11	index	index	NOUN
fbem-26879	42	12	evaluation	evaluation	NOUN
fbem-26879	42	13	method	method	NOUN
fbem-26879	42	14	that	that	PRON
fbem-26879	42	15	assesses	assess	VERB
fbem-26879	42	16	an	an	DET
fbem-26879	42	17	organization	organization	NOUN
fbem-26879	42	18	's	's	PART
fbem-26879	42	19	performance	performance	NOUN
fbem-26879	42	20	by	by	ADP
fbem-26879	42	21	evaluating	evaluate	VERB
fbem-26879	42	22	its	its	PRON
fbem-26879	42	23	profitability	profitability	NOUN
fbem-26879	42	24	,	,	PUNCT
fbem-26879	42	25	operational	operational	ADJ
fbem-26879	42	26	ability	ability	NOUN
fbem-26879	42	27	,	,	PUNCT
fbem-26879	42	28	debt	debt	NOUN
fbem-26879	42	29	paying	pay	VERB
fbem-26879	42	30	ability	ability	NOUN
fbem-26879	42	31	,	,	PUNCT
fbem-26879	42	32	development	development	NOUN
fbem-26879	42	33	ability	ability	NOUN
fbem-26879	42	34	,	,	PUNCT
fbem-26879	42	35	etc	etc	X
fbem-26879	42	36	.	.	X
fbem-26879	42	37	,	,	PUNCT
fbem-26879	42	38	and	and	CCONJ
fbem-26879	42	39	evaluates	evaluate	VERB
fbem-26879	42	40	the	the	DET
fbem-26879	42	41	degree	degree	NOUN
fbem-26879	42	42	to	to	PART
fbem-26879	42	43	which	which	PRON
fbem-26879	42	44	various	various	ADJ
fbem-26879	42	45	financial	financial	ADJ
fbem-26879	42	46	indicators	indicator	NOUN
fbem-26879	42	47	have	have	AUX
fbem-26879	42	48	been	be	AUX
fbem-26879	42	49	achieved	achieve	VERB
fbem-26879	42	50	.	.	PUNCT
fbem-26879	43	1	in	in	ADP
fbem-26879	43	2	this	this	DET
fbem-26879	43	3	article	article	NOUN
fbem-26879	43	4	,	,	PUNCT
fbem-26879	43	5	the	the	DET
fbem-26879	43	6	financial	financial	ADJ
fbem-26879	43	7	performance	performance	NOUN
fbem-26879	43	8	of	of	ADP
fbem-26879	43	9	meituan	meituan	PROPN
fbem-26879	43	10	's	's	PART
fbem-26879	43	11	acquisition	acquisition	NOUN
fbem-26879	43	12	of	of	ADP
fbem-26879	43	13	dianping	dianping	NOUN
fbem-26879	43	14	,	,	PUNCT
fbem-26879	43	15	qianbaobao	qianbaobao	ADJ
fbem-26879	43	16	,	,	PUNCT
fbem-26879	43	17	and	and	CCONJ
fbem-26879	43	18	mobike	mobike	NOUN
fbem-26879	43	19	is	be	AUX
fbem-26879	43	20	studied	study	VERB
fbem-26879	43	21	by	by	ADP
fbem-26879	43	22	analyzing	analyze	VERB
fbem-26879	43	23	factors	factor	NOUN
fbem-26879	43	24	such	such	ADJ
fbem-26879	43	25	as	as	ADP
fbem-26879	43	26	current	current	ADJ
fbem-26879	43	27	ratio	ratio	NOUN
fbem-26879	43	28	,	,	PUNCT
fbem-26879	43	29	quick	quick	ADJ
fbem-26879	43	30	ratio	ratio	NOUN
fbem-26879	43	31	,	,	PUNCT
fbem-26879	43	32	asset	asset	NOUN
fbem-26879	43	33	liability	liability	NOUN
fbem-26879	43	34	ratio	ratio	NOUN
fbem-26879	43	35	,	,	PUNCT
fbem-26879	43	36	net	net	ADJ
fbem-26879	43	37	profit	profit	NOUN
fbem-26879	43	38	margin	margin	NOUN
fbem-26879	43	39	,	,	PUNCT
fbem-26879	43	40	and	and	CCONJ
fbem-26879	43	41	return	return	VERB
fbem-26879	43	42	on	on	ADP
fbem-26879	43	43	equity	equity	NOUN
fbem-26879	43	44	.	.	PUNCT
fbem-26879	44	1	1.3.2	1.3.2	X
fbem-26879	44	2	.	.	PUNCT
fbem-26879	44	3	literature	literature	NOUN
fbem-26879	44	4	research	research	NOUN
fbem-26879	44	5	method	method	NOUN
fbem-26879	44	6	this	this	DET
fbem-26879	44	7	article	article	NOUN
fbem-26879	44	8	reviews	review	VERB
fbem-26879	44	9	a	a	DET
fbem-26879	44	10	large	large	ADJ
fbem-26879	44	11	number	number	NOUN
fbem-26879	44	12	of	of	ADP
fbem-26879	44	13	domestic	domestic	ADJ
fbem-26879	44	14	and	and	CCONJ
fbem-26879	44	15	foreign	foreign	ADJ
fbem-26879	44	16	literature	literature	NOUN
fbem-26879	44	17	,	,	PUNCT
fbem-26879	44	18	conducts	conduct	VERB
fbem-26879	44	19	detailed	detailed	ADJ
fbem-26879	44	20	research	research	NOUN
fbem-26879	44	21	and	and	CCONJ
fbem-26879	44	22	analysis	analysis	NOUN
fbem-26879	44	23	on	on	ADP
fbem-26879	44	24	platform	platform	NOUN
fbem-26879	44	25	economy	economy	NOUN
fbem-26879	44	26	related	relate	VERB
fbem-26879	44	27	theories	theory	NOUN
fbem-26879	44	28	,	,	PUNCT
fbem-26879	44	29	market	market	NOUN
fbem-26879	44	30	power	power	NOUN
fbem-26879	44	31	,	,	PUNCT
fbem-26879	44	32	synergies	synergy	NOUN
fbem-26879	44	33	,	,	PUNCT
fbem-26879	44	34	and	and	CCONJ
fbem-26879	44	35	other	other	ADJ
fbem-26879	44	36	concepts	concept	NOUN
fbem-26879	44	37	,	,	PUNCT
fbem-26879	44	38	and	and	CCONJ
fbem-26879	44	39	studies	study	NOUN
fbem-26879	44	40	the	the	DET
fbem-26879	44	41	current	current	ADJ
fbem-26879	44	42	research	research	NOUN
fbem-26879	44	43	status	status	NOUN
fbem-26879	44	44	and	and	CCONJ
fbem-26879	44	45	related	relate	VERB
fbem-26879	44	46	literature	literature	NOUN
fbem-26879	44	47	on	on	ADP
fbem-26879	44	48	corporate	corporate	ADJ
fbem-26879	44	49	merger	merger	NOUN
fbem-26879	44	50	and	and	CCONJ
fbem-26879	44	51	acquisition	acquisition	NOUN
fbem-26879	44	52	performance	performance	NOUN
fbem-26879	44	53	at	at	ADP
fbem-26879	44	54	home	home	NOUN
fbem-26879	44	55	and	and	CCONJ
fbem-26879	44	56	abroad	abroad	ADV
fbem-26879	44	57	,	,	PUNCT
fbem-26879	44	58	laying	lay	VERB
fbem-26879	44	59	a	a	DET
fbem-26879	44	60	solid	solid	ADJ
fbem-26879	44	61	foundation	foundation	NOUN
fbem-26879	44	62	for	for	ADP
fbem-26879	44	63	the	the	DET
fbem-26879	44	64	writing	writing	NOUN
fbem-26879	44	65	of	of	ADP
fbem-26879	44	66	the	the	DET
fbem-26879	44	67	paper	paper	NOUN
fbem-26879	45	1	[	[	X
fbem-26879	45	2	3	3	NUM
fbem-26879	45	3	]	]	PUNCT
fbem-26879	45	4	.	.	PUNCT
fbem-26879	46	1	on	on	ADP
fbem-26879	46	2	the	the	DET
fbem-26879	46	3	basis	basis	NOUN
fbem-26879	46	4	of	of	ADP
fbem-26879	46	5	existing	exist	VERB
fbem-26879	46	6	research	research	NOUN
fbem-26879	46	7	theories	theory	NOUN
fbem-26879	46	8	and	and	CCONJ
fbem-26879	46	9	case	case	NOUN
fbem-26879	46	10	analysis	analysis	NOUN
fbem-26879	46	11	,	,	PUNCT
fbem-26879	46	12	find	find	VERB
fbem-26879	46	13	a	a	DET
fbem-26879	46	14	breakthrough	breakthrough	NOUN
fbem-26879	46	15	point	point	NOUN
fbem-26879	46	16	for	for	ADP
fbem-26879	46	17	the	the	DET
fbem-26879	46	18	merger	merger	NOUN
fbem-26879	46	19	and	and	CCONJ
fbem-26879	46	20	acquisition	acquisition	NOUN
fbem-26879	46	21	of	of	ADP
fbem-26879	46	22	meituan	meituan	PROPN
fbem-26879	46	23	with	with	ADP
fbem-26879	46	24	dianping	dianping	NOUN
fbem-26879	46	25	,	,	PUNCT
fbem-26879	46	26	qianbaobao	qianbaobao	ADJ
fbem-26879	46	27	,	,	PUNCT
fbem-26879	46	28	and	and	CCONJ
fbem-26879	46	29	mobike	mobike	ADJ
fbem-26879	46	30	,	,	PUNCT
fbem-26879	46	31	deepen	deepen	VERB
fbem-26879	46	32	the	the	DET
fbem-26879	46	33	understanding	understanding	NOUN
fbem-26879	46	34	of	of	ADP
fbem-26879	46	35	the	the	DET
fbem-26879	46	36	merger	merger	NOUN
fbem-26879	46	37	and	and	CCONJ
fbem-26879	46	38	acquisition	acquisition	NOUN
fbem-26879	46	39	of	of	ADP
fbem-26879	46	40	meituan	meituan	PROPN
fbem-26879	46	41	with	with	ADP
fbem-26879	46	42	dianping	dianping	NOUN
fbem-26879	46	43	,	,	PUNCT
fbem-26879	46	44	qianbaobao	qianbaobao	ADJ
fbem-26879	46	45	,	,	PUNCT
fbem-26879	46	46	and	and	CCONJ
fbem-26879	46	47	mobike	mobike	ADJ
fbem-26879	46	48	,	,	PUNCT
fbem-26879	46	49	and	and	CCONJ
fbem-26879	46	50	conduct	conduct	VERB
fbem-26879	46	51	a	a	DET
fbem-26879	46	52	more	more	ADJ
fbem-26879	46	53	in	in	ADP
fbem-26879	46	54	-	-	PUNCT
fbem-26879	46	55	depth	depth	NOUN
fbem-26879	46	56	study	study	NOUN
fbem-26879	46	57	of	of	ADP
fbem-26879	46	58	the	the	DET
fbem-26879	46	59	motives	motive	NOUN
fbem-26879	46	60	and	and	CCONJ
fbem-26879	46	61	performance	performance	NOUN
fbem-26879	46	62	of	of	ADP
fbem-26879	46	63	the	the	DET
fbem-26879	46	64	merger	merger	NOUN
fbem-26879	46	65	and	and	CCONJ
fbem-26879	46	66	acquisition	acquisition	NOUN
fbem-26879	46	67	between	between	ADP
fbem-26879	46	68	the	the	DET
fbem-26879	46	69	two	two	NUM
fbem-26879	46	70	parties	party	NOUN
fbem-26879	46	71	,	,	PUNCT
fbem-26879	46	72	and	and	CCONJ
fbem-26879	46	73	propose	propose	VERB
fbem-26879	46	74	targeted	target	VERB
fbem-26879	46	75	suggestions	suggestion	NOUN
fbem-26879	46	76	.	.	PUNCT
fbem-26879	47	1	1.4	1.4	NUM
fbem-26879	47	2	.	.	PUNCT
fbem-26879	47	3	possible	possible	ADJ
fbem-26879	47	4	innovation	innovation	NOUN
fbem-26879	47	5	points	point	NOUN
fbem-26879	47	6	and	and	CCONJ
fbem-26879	47	7	shortcomings	shortcoming	NOUN
fbem-26879	47	8	1.4.1	1.4.1	NUM
fbem-26879	47	9	.	.	PUNCT
fbem-26879	47	10	possible	possible	ADJ
fbem-26879	47	11	innovation	innovation	NOUN
fbem-26879	47	12	points	point	NOUN
fbem-26879	47	13	(	(	PUNCT
fbem-26879	47	14	1	1	NUM
fbem-26879	47	15	)	)	PUNCT
fbem-26879	47	16	innovation	innovation	NOUN
fbem-26879	47	17	in	in	ADP
fbem-26879	47	18	research	research	NOUN
fbem-26879	47	19	perspective	perspective	NOUN
fbem-26879	47	20	at	at	ADP
fbem-26879	47	21	present	present	ADJ
fbem-26879	47	22	,	,	PUNCT
fbem-26879	47	23	most	most	ADJ
fbem-26879	47	24	research	research	NOUN
fbem-26879	47	25	is	be	AUX
fbem-26879	47	26	focused	focus	VERB
fbem-26879	47	27	on	on	ADP
fbem-26879	47	28	the	the	DET
fbem-26879	47	29	performance	performance	NOUN
fbem-26879	47	30	of	of	ADP
fbem-26879	47	31	corporate	corporate	ADJ
fbem-26879	47	32	mergers	merger	NOUN
fbem-26879	47	33	and	and	CCONJ
fbem-26879	47	34	acquisitions	acquisition	NOUN
fbem-26879	47	35	,	,	PUNCT
fbem-26879	47	36	but	but	CCONJ
fbem-26879	47	37	little	little	ADJ
fbem-26879	47	38	is	be	AUX
fbem-26879	47	39	known	know	VERB
fbem-26879	47	40	about	about	ADP
fbem-26879	47	41	the	the	DET
fbem-26879	47	42	performance	performance	NOUN
fbem-26879	47	43	research	research	NOUN
fbem-26879	47	44	of	of	ADP
fbem-26879	47	45	platform	platform	NOUN
fbem-26879	47	46	based	base	VERB
fbem-26879	47	47	corporate	corporate	ADJ
fbem-26879	47	48	mergers	merger	NOUN
fbem-26879	47	49	and	and	CCONJ
fbem-26879	47	50	acquisitions	acquisition	NOUN
fbem-26879	47	51	or	or	CCONJ
fbem-26879	47	52	corporate	corporate	ADJ
fbem-26879	47	53	mergers	merger	NOUN
fbem-26879	47	54	and	and	CCONJ
fbem-26879	47	55	acquisitions	acquisition	NOUN
fbem-26879	47	56	based	base	VERB
fbem-26879	47	57	on	on	ADP
fbem-26879	47	58	the	the	DET
fbem-26879	47	59	perspective	perspective	NOUN
fbem-26879	47	60	of	of	ADP
fbem-26879	47	61	platform	platform	NOUN
fbem-26879	47	62	economy	economy	NOUN
fbem-26879	47	63	.	.	PUNCT
fbem-26879	48	1	therefore	therefore	ADV
fbem-26879	48	2	,	,	PUNCT
fbem-26879	48	3	this	this	DET
fbem-26879	48	4	article	article	NOUN
fbem-26879	48	5	will	will	AUX
fbem-26879	48	6	combine	combine	VERB
fbem-26879	48	7	relevant	relevant	ADJ
fbem-26879	48	8	theories	theory	NOUN
fbem-26879	48	9	of	of	ADP
fbem-26879	48	10	platform	platform	NOUN
fbem-26879	48	11	economy	economy	NOUN
fbem-26879	48	12	to	to	PART
fbem-26879	48	13	study	study	VERB
fbem-26879	48	14	the	the	DET
fbem-26879	48	15	performance	performance	NOUN
fbem-26879	48	16	of	of	ADP
fbem-26879	48	17	continuous	continuous	ADJ
fbem-26879	48	18	mergers	merger	NOUN
fbem-26879	48	19	and	and	CCONJ
fbem-26879	48	20	acquisitions	acquisition	NOUN
fbem-26879	48	21	of	of	ADP
fbem-26879	48	22	enterprises	enterprise	NOUN
fbem-26879	48	23	from	from	ADP
fbem-26879	48	24	the	the	DET
fbem-26879	48	25	perspective	perspective	NOUN
fbem-26879	48	26	of	of	ADP
fbem-26879	48	27	platform	platform	NOUN
fbem-26879	48	28	economy	economy	NOUN
fbem-26879	48	29	.	.	PUNCT
fbem-26879	49	1	(	(	PUNCT
fbem-26879	49	2	2	2	X
fbem-26879	49	3	)	)	PUNCT
fbem-26879	49	4	innovation	innovation	NOUN
fbem-26879	49	5	in	in	ADP
fbem-26879	49	6	research	research	NOUN
fbem-26879	49	7	methods	method	NOUN
fbem-26879	49	8	most	most	ADJ
fbem-26879	49	9	scholars	scholar	NOUN
fbem-26879	49	10	'	'	PART
fbem-26879	49	11	research	research	NOUN
fbem-26879	49	12	on	on	ADP
fbem-26879	49	13	such	such	ADJ
fbem-26879	49	14	projects	project	NOUN
fbem-26879	49	15	is	be	AUX
fbem-26879	49	16	empirical	empirical	ADJ
fbem-26879	49	17	analysis	analysis	NOUN
fbem-26879	49	18	,	,	PUNCT
fbem-26879	49	19	without	without	ADP
fbem-26879	49	20	specific	specific	ADJ
fbem-26879	49	21	analysis	analysis	NOUN
fbem-26879	49	22	of	of	ADP
fbem-26879	49	23	individual	individual	ADJ
fbem-26879	49	24	cases	case	NOUN
fbem-26879	49	25	.	.	PUNCT
fbem-26879	50	1	based	base	VERB
fbem-26879	50	2	on	on	ADP
fbem-26879	50	3	this	this	PRON
fbem-26879	50	4	,	,	PUNCT
fbem-26879	50	5	this	this	DET
fbem-26879	50	6	article	article	NOUN
fbem-26879	50	7	selects	select	VERB
fbem-26879	50	8	the	the	DET
fbem-26879	50	9	case	case	NOUN
fbem-26879	50	10	of	of	ADP
fbem-26879	50	11	meituan	meituan	PROPN
fbem-26879	50	12	's	's	PART
fbem-26879	50	13	consecutive	consecutive	ADJ
fbem-26879	50	14	mergers	merger	NOUN
fbem-26879	50	15	and	and	CCONJ
fbem-26879	50	16	acquisitions	acquisition	NOUN
fbem-26879	50	17	of	of	ADP
fbem-26879	50	18	dianping	dianping	NOUN
fbem-26879	50	19	,	,	PUNCT
fbem-26879	50	20	qianbaobao	qianbaobao	ADJ
fbem-26879	50	21	,	,	PUNCT
fbem-26879	50	22	and	and	CCONJ
fbem-26879	50	23	mobike	mobike	ADJ
fbem-26879	50	24	,	,	PUNCT
fbem-26879	50	25	and	and	CCONJ
fbem-26879	50	26	uses	use	VERB
fbem-26879	50	27	case	case	NOUN
fbem-26879	50	28	analysis	analysis	NOUN
fbem-26879	50	29	method	method	NOUN
fbem-26879	50	30	to	to	PART
fbem-26879	50	31	study	study	VERB
fbem-26879	50	32	the	the	DET
fbem-26879	50	33	motives	motive	NOUN
fbem-26879	50	34	and	and	CCONJ
fbem-26879	50	35	performance	performance	NOUN
fbem-26879	50	36	of	of	ADP
fbem-26879	50	37	mergers	merger	NOUN
fbem-26879	50	38	and	and	CCONJ
fbem-26879	50	39	acquisitions	acquisition	NOUN
fbem-26879	50	40	,	,	PUNCT
fbem-26879	50	41	systematically	systematically	ADV
fbem-26879	50	42	summarizing	summarize	VERB
fbem-26879	50	43	the	the	DET
fbem-26879	50	44	underlying	underlie	VERB
fbem-26879	50	45	mechanisms	mechanism	NOUN
fbem-26879	50	46	,	,	PUNCT
fbem-26879	50	47	in	in	ADP
fbem-26879	50	48	order	order	NOUN
fbem-26879	50	49	to	to	PART
fbem-26879	50	50	provide	provide	VERB
fbem-26879	50	51	scientific	scientific	ADJ
fbem-26879	50	52	basis	basis	NOUN
fbem-26879	50	53	for	for	ADP
fbem-26879	50	54	future	future	ADJ
fbem-26879	50	55	merger	merger	NOUN
fbem-26879	50	56	and	and	CCONJ
fbem-26879	50	57	acquisition	acquisition	NOUN
fbem-26879	50	58	plans	plan	NOUN
fbem-26879	50	59	of	of	ADP
fbem-26879	50	60	platform	platform	NOUN
fbem-26879	50	61	enterprises	enterprise	NOUN
fbem-26879	50	62	.	.	PUNCT
fbem-26879	51	1	1.4.2	1.4.2	X
fbem-26879	51	2	.	.	PUNCT
fbem-26879	52	1	shortcomings	shortcoming	NOUN
fbem-26879	52	2	there	there	PRON
fbem-26879	52	3	are	be	VERB
fbem-26879	52	4	still	still	ADV
fbem-26879	52	5	shortcomings	shortcoming	NOUN
fbem-26879	52	6	in	in	ADP
fbem-26879	52	7	the	the	DET
fbem-26879	52	8	research	research	NOUN
fbem-26879	52	9	on	on	ADP
fbem-26879	52	10	platform	platform	NOUN
fbem-26879	52	11	enterprise	enterprise	NOUN
fbem-26879	52	12	mergers	merger	NOUN
fbem-26879	52	13	and	and	CCONJ
fbem-26879	52	14	acquisitions	acquisition	NOUN
fbem-26879	52	15	in	in	ADP
fbem-26879	52	16	this	this	DET
fbem-26879	52	17	article	article	NOUN
fbem-26879	52	18	.	.	PUNCT
fbem-26879	53	1	on	on	ADP
fbem-26879	53	2	the	the	DET
fbem-26879	53	3	one	one	NUM
fbem-26879	53	4	hand	hand	NOUN
fbem-26879	53	5	,	,	PUNCT
fbem-26879	53	6	the	the	DET
fbem-26879	53	7	case	case	NOUN
fbem-26879	53	8	study	study	NOUN
fbem-26879	53	9	in	in	ADP
fbem-26879	53	10	this	this	DET
fbem-26879	53	11	article	article	NOUN
fbem-26879	53	12	is	be	AUX
fbem-26879	53	13	not	not	PART
fbem-26879	53	14	applicable	applicable	ADJ
fbem-26879	53	15	to	to	ADP
fbem-26879	53	16	all	all	DET
fbem-26879	53	17	platform	platform	NOUN
fbem-26879	53	18	enterprises	enterprise	NOUN
fbem-26879	53	19	;	;	PUNCT
fbem-26879	53	20	on	on	ADP
fbem-26879	53	21	the	the	DET
fbem-26879	53	22	other	other	ADJ
fbem-26879	53	23	hand	hand	NOUN
fbem-26879	53	24	,	,	PUNCT
fbem-26879	53	25	in	in	ADP
fbem-26879	53	26	terms	term	NOUN
fbem-26879	53	27	of	of	ADP
fbem-26879	53	28	data	data	NOUN
fbem-26879	53	29	acquisition	acquisition	NOUN
fbem-26879	53	30	,	,	PUNCT
fbem-26879	53	31	there	there	PRON
fbem-26879	53	32	are	be	VERB
fbem-26879	53	33	incomplete	incomplete	ADJ
fbem-26879	53	34	relevant	relevant	ADJ
fbem-26879	53	35	data	datum	NOUN
fbem-26879	53	36	materials	material	NOUN
fbem-26879	53	37	.	.	PUNCT
fbem-26879	54	1	and	and	CCONJ
fbem-26879	54	2	in	in	ADP
fbem-26879	54	3	terms	term	NOUN
fbem-26879	54	4	of	of	ADP
fbem-26879	54	5	the	the	DET
fbem-26879	54	6	selection	selection	NOUN
fbem-26879	54	7	of	of	ADP
fbem-26879	54	8	research	research	NOUN
fbem-26879	54	9	methods	method	NOUN
fbem-26879	54	10	,	,	PUNCT
fbem-26879	54	11	i	i	PRON
fbem-26879	54	12	have	have	AUX
fbem-26879	54	13	not	not	PART
fbem-26879	54	14	yet	yet	ADV
fbem-26879	54	15	delved	delve	VERB
fbem-26879	54	16	deeply	deeply	ADV
fbem-26879	54	17	into	into	ADP
fbem-26879	54	18	the	the	DET
fbem-26879	54	19	study	study	NOUN
fbem-26879	54	20	of	of	ADP
fbem-26879	54	21	research	research	NOUN
fbem-26879	54	22	methods	method	NOUN
fbem-26879	54	23	.	.	PUNCT
fbem-26879	55	1	2	2	X
fbem-26879	55	2	.	.	X
fbem-26879	55	3	theoretical	theoretical	ADJ
fbem-26879	55	4	basis	basis	NOUN
fbem-26879	55	5	and	and	CCONJ
fbem-26879	55	6	literature	literature	NOUN
fbem-26879	55	7	review	review	NOUN
fbem-26879	55	8	2.1	2.1	NUM
fbem-26879	55	9	.	.	PUNCT
fbem-26879	56	1	theoretical	theoretical	ADJ
fbem-26879	56	2	basis	basis	NOUN
fbem-26879	56	3	2.1.1	2.1.1	NUM
fbem-26879	56	4	.	.	PUNCT
fbem-26879	57	1	synergy	synergy	NOUN
fbem-26879	57	2	effect	effect	NOUN
fbem-26879	57	3	theory	theory	NOUN
fbem-26879	57	4	in	in	ADP
fbem-26879	57	5	the	the	DET
fbem-26879	57	6	field	field	NOUN
fbem-26879	57	7	of	of	ADP
fbem-26879	57	8	corporate	corporate	ADJ
fbem-26879	57	9	mergers	merger	NOUN
fbem-26879	57	10	and	and	CCONJ
fbem-26879	57	11	acquisitions	acquisition	NOUN
fbem-26879	58	1	,	,	PUNCT
fbem-26879	58	2	it	it	PRON
fbem-26879	58	3	refers	refer	VERB
fbem-26879	58	4	to	to	ADP
fbem-26879	58	5	the	the	DET
fbem-26879	58	6	situation	situation	NOUN
fbem-26879	58	7	where	where	SCONJ
fbem-26879	58	8	the	the	DET
fbem-26879	58	9	profits	profit	NOUN
fbem-26879	58	10	after	after	ADP
fbem-26879	58	11	the	the	DET
fbem-26879	58	12	merger	merger	NOUN
fbem-26879	58	13	are	be	AUX
fbem-26879	58	14	greater	great	ADJ
fbem-26879	58	15	than	than	ADP
fbem-26879	58	16	the	the	DET
fbem-26879	58	17	sum	sum	NOUN
fbem-26879	58	18	of	of	ADP
fbem-26879	58	19	the	the	DET
fbem-26879	58	20	profits	profit	NOUN
fbem-26879	58	21	of	of	ADP
fbem-26879	58	22	both	both	DET
fbem-26879	58	23	parties	party	NOUN
fbem-26879	58	24	before	before	ADP
fbem-26879	58	25	the	the	DET
fbem-26879	58	26	merger	merger	NOUN
fbem-26879	58	27	,	,	PUNCT
fbem-26879	58	28	achieving	achieve	VERB
fbem-26879	58	29	a	a	DET
fbem-26879	58	30	result	result	NOUN
fbem-26879	58	31	of	of	ADP
fbem-26879	58	32	1	1	NUM
fbem-26879	58	33	+	+	NOUN
fbem-26879	58	34	1>2	1>2	NOUN
fbem-26879	58	35	.	.	PUNCT
fbem-26879	58	36	2.1.2	2.1.2	NUM
fbem-26879	58	37	.	.	PUNCT
fbem-26879	58	38	market	market	NOUN
fbem-26879	58	39	power	power	NOUN
fbem-26879	58	40	theory	theory	NOUN
fbem-26879	58	41	the	the	DET
fbem-26879	58	42	theory	theory	NOUN
fbem-26879	58	43	of	of	ADP
fbem-26879	58	44	market	market	NOUN
fbem-26879	58	45	power	power	NOUN
fbem-26879	58	46	holds	hold	VERB
fbem-26879	58	47	that	that	SCONJ
fbem-26879	58	48	the	the	DET
fbem-26879	58	49	main	main	ADJ
fbem-26879	58	50	motivation	motivation	NOUN
fbem-26879	58	51	for	for	ADP
fbem-26879	58	52	mergers	merger	NOUN
fbem-26879	58	53	and	and	CCONJ
fbem-26879	58	54	acquisitions	acquisition	NOUN
fbem-26879	58	55	is	be	AUX
fbem-26879	58	56	to	to	PART
fbem-26879	58	57	use	use	VERB
fbem-26879	58	58	merger	merger	NOUN
fbem-26879	58	59	and	and	CCONJ
fbem-26879	58	60	acquisition	acquisition	NOUN
fbem-26879	58	61	strategies	strategy	NOUN
fbem-26879	58	62	to	to	PART
fbem-26879	58	63	reduce	reduce	VERB
fbem-26879	58	64	competitors	competitor	NOUN
fbem-26879	58	65	,	,	PUNCT
fbem-26879	58	66	enhance	enhance	VERB
fbem-26879	58	67	the	the	DET
fbem-26879	58	68	business	business	NOUN
fbem-26879	58	69	environment	environment	NOUN
fbem-26879	58	70	control	control	NOUN
fbem-26879	58	71	of	of	ADP
fbem-26879	58	72	the	the	DET
fbem-26879	58	73	enterprise	enterprise	NOUN
fbem-26879	58	74	,	,	PUNCT
fbem-26879	58	75	increase	increase	VERB
fbem-26879	58	76	market	market	NOUN
fbem-26879	58	77	share	share	NOUN
fbem-26879	58	78	,	,	PUNCT
fbem-26879	58	79	enable	enable	VERB
fbem-26879	58	80	the	the	DET
fbem-26879	58	81	enterprise	enterprise	NOUN
fbem-26879	58	82	to	to	PART
fbem-26879	58	83	obtain	obtain	VERB
fbem-26879	58	84	some	some	DET
fbem-26879	58	85	form	form	NOUN
fbem-26879	58	86	of	of	ADP
fbem-26879	58	87	monopoly	monopoly	NOUN
fbem-26879	58	88	or	or	CCONJ
fbem-26879	58	89	oligopoly	oligopoly	ADJ
fbem-26879	58	90	profits	profit	NOUN
fbem-26879	58	91	,	,	PUNCT
fbem-26879	58	92	and	and	CCONJ
fbem-26879	58	93	increase	increase	VERB
fbem-26879	58	94	long	long	ADJ
fbem-26879	58	95	-	-	PUNCT
fbem-26879	58	96	term	term	NOUN
fbem-26879	58	97	profit	profit	NOUN
fbem-26879	58	98	opportunities	opportunity	NOUN
fbem-26879	58	99	.	.	PUNCT
fbem-26879	59	1	2.1.3	2.1.3	X
fbem-26879	59	2	.	.	PUNCT
fbem-26879	59	3	corporate	corporate	ADJ
fbem-26879	59	4	mergers	merger	NOUN
fbem-26879	59	5	and	and	CCONJ
fbem-26879	59	6	acquisitions	acquisition	NOUN
fbem-26879	59	7	mergers	merger	NOUN
fbem-26879	59	8	and	and	CCONJ
fbem-26879	59	9	acquisitions	acquisition	NOUN
fbem-26879	59	10	are	be	AUX
fbem-26879	59	11	a	a	DET
fbem-26879	59	12	strategy	strategy	NOUN
fbem-26879	59	13	for	for	SCONJ
fbem-26879	59	14	companies	company	NOUN
fbem-26879	59	15	to	to	PART
fbem-26879	59	16	seek	seek	VERB
fbem-26879	59	17	development	development	NOUN
fbem-26879	59	18	,	,	PUNCT
fbem-26879	59	19	including	include	VERB
fbem-26879	59	20	acquisitions	acquisition	NOUN
fbem-26879	59	21	and	and	CCONJ
fbem-26879	59	22	mergers	merger	NOUN
fbem-26879	59	23	.	.	PUNCT
fbem-26879	60	1	acquisition	acquisition	NOUN
fbem-26879	60	2	refers	refer	VERB
fbem-26879	60	3	to	to	ADP
fbem-26879	60	4	the	the	DET
fbem-26879	60	5	transfer	transfer	NOUN
fbem-26879	60	6	of	of	ADP
fbem-26879	60	7	actual	actual	ADJ
fbem-26879	60	8	control	control	NOUN
fbem-26879	60	9	of	of	ADP
fbem-26879	60	10	a	a	DET
fbem-26879	60	11	company	company	NOUN
fbem-26879	60	12	(	(	PUNCT
fbem-26879	60	13	acquirer	acquirer	NOUN
fbem-26879	60	14	)	)	PUNCT
fbem-26879	60	15	by	by	ADP
fbem-26879	60	16	purchasing	purchase	VERB
fbem-26879	60	17	and	and	CCONJ
fbem-26879	60	18	absorbing	absorb	VERB
fbem-26879	60	19	equity	equity	NOUN
fbem-26879	60	20	of	of	ADP
fbem-26879	60	21	another	another	DET
fbem-26879	60	22	company	company	NOUN
fbem-26879	60	23	(	(	PUNCT
fbem-26879	60	24	acquired	acquire	VERB
fbem-26879	60	25	)	)	PUNCT
fbem-26879	60	26	.	.	PUNCT
fbem-26879	61	1	merger	merger	NOUN
fbem-26879	61	2	refers	refer	VERB
fbem-26879	61	3	to	to	ADP
fbem-26879	61	4	the	the	DET
fbem-26879	61	5	integration	integration	NOUN
fbem-26879	61	6	of	of	ADP
fbem-26879	61	7	business	business	NOUN
fbem-26879	61	8	and	and	CCONJ
fbem-26879	61	9	resources	resource	NOUN
fbem-26879	61	10	between	between	ADP
fbem-26879	61	11	two	two	NUM
fbem-26879	61	12	or	or	CCONJ
fbem-26879	61	13	more	more	ADJ
fbem-26879	61	14	enterprises	enterprise	NOUN
fbem-26879	61	15	,	,	PUNCT
fbem-26879	61	16	the	the	DET
fbem-26879	61	17	reorganization	reorganization	NOUN
fbem-26879	61	18	,	,	PUNCT
fbem-26879	61	19	and	and	CCONJ
fbem-26879	61	20	the	the	DET
fbem-26879	61	21	establishment	establishment	NOUN
fbem-26879	61	22	of	of	ADP
fbem-26879	61	23	a	a	DET
fbem-26879	61	24	new	new	ADJ
fbem-26879	61	25	enterprise	enterprise	NOUN
fbem-26879	61	26	.	.	PUNCT
fbem-26879	62	1	2.2	2.2	NUM
fbem-26879	62	2	.	.	PUNCT
fbem-26879	63	1	literature	literature	PROPN
fbem-26879	63	2	review	review	PROPN
fbem-26879	63	3	2.2.1	2.2.1	NUM
fbem-26879	63	4	.	.	PUNCT
fbem-26879	64	1	domestic	domestic	ADJ
fbem-26879	64	2	literature	literature	NOUN
fbem-26879	64	3	review	review	VERB
fbem-26879	64	4	most	most	ADJ
fbem-26879	64	5	domestic	domestic	ADJ
fbem-26879	64	6	scholars	scholar	NOUN
fbem-26879	64	7	believe	believe	VERB
fbem-26879	64	8	that	that	SCONJ
fbem-26879	64	9	mergers	merger	NOUN
fbem-26879	64	10	and	and	CCONJ
fbem-26879	64	11	acquisitions	acquisition	NOUN
fbem-26879	64	12	can	can	AUX
fbem-26879	64	13	bring	bring	VERB
fbem-26879	64	14	favorable	favorable	ADJ
fbem-26879	64	15	aspects	aspect	NOUN
fbem-26879	64	16	to	to	ADP
fbem-26879	64	17	the	the	DET
fbem-26879	64	18	long	long	ADJ
fbem-26879	64	19	-	-	PUNCT
fbem-26879	64	20	term	term	NOUN
fbem-26879	64	21	development	development	NOUN
fbem-26879	64	22	of	of	ADP
fbem-26879	64	23	enterprises	enterprise	NOUN
fbem-26879	64	24	and	and	CCONJ
fbem-26879	64	25	have	have	VERB
fbem-26879	64	26	a	a	DET
fbem-26879	64	27	positive	positive	ADJ
fbem-26879	64	28	impact	impact	NOUN
fbem-26879	64	29	on	on	ADP
fbem-26879	64	30	their	their	PRON
fbem-26879	64	31	performance	performance	NOUN
fbem-26879	64	32	.	.	PUNCT
fbem-26879	65	1	wang	wang	PROPN
fbem-26879	65	2	ping	ping	PROPN
fbem-26879	65	3	(	(	PUNCT
fbem-26879	65	4	2021	2021	NUM
fbem-26879	65	5	)	)	PUNCT
fbem-26879	65	6	used	use	VERB
fbem-26879	65	7	haier	haier	ADJ
fbem-26879	65	8	smart	smart	ADJ
fbem-26879	65	9	home	home	NOUN
fbem-26879	65	10	's	's	PART
fbem-26879	65	11	acquisition	acquisition	NOUN
fbem-26879	65	12	of	of	ADP
fbem-26879	65	13	general	general	ADJ
fbem-26879	65	14	electric	electric	ADJ
fbem-26879	65	15	appliances	appliance	NOUN
fbem-26879	65	16	as	as	ADP
fbem-26879	65	17	a	a	DET
fbem-26879	65	18	case	case	NOUN
fbem-26879	65	19	study	study	NOUN
fbem-26879	65	20	,	,	PUNCT
fbem-26879	65	21	which	which	PRON
fbem-26879	65	22	showed	show	VERB
fbem-26879	65	23	that	that	SCONJ
fbem-26879	65	24	the	the	DET
fbem-26879	65	25	overall	overall	ADJ
fbem-26879	65	26	performance	performance	NOUN
fbem-26879	65	27	of	of	ADP
fbem-26879	65	28	haier	haier	NOUN
fbem-26879	65	29	's	's	PART
fbem-26879	65	30	acquisition	acquisition	NOUN
fbem-26879	65	31	of	of	ADP
fbem-26879	65	32	general	general	ADJ
fbem-26879	65	33	electric	electric	ADJ
fbem-26879	65	34	appliances	appliance	NOUN
fbem-26879	65	35	was	be	AUX
fbem-26879	65	36	good	good	ADJ
fbem-26879	65	37	.	.	PUNCT
fbem-26879	66	1	in	in	ADP
fbem-26879	66	2	the	the	DET
fbem-26879	66	3	long	long	ADJ
fbem-26879	66	4	run	run	NOUN
fbem-26879	66	5	,	,	PUNCT
fbem-26879	66	6	this	this	DET
fbem-26879	66	7	acquisition	acquisition	NOUN
fbem-26879	66	8	is	be	AUX
fbem-26879	66	9	beneficial	beneficial	ADJ
fbem-26879	66	10	to	to	ADP
fbem-26879	66	11	haier	haier	PROPN
fbem-26879	66	12	's	's	PART
fbem-26879	66	13	development	development	NOUN
fbem-26879	66	14	and	and	CCONJ
fbem-26879	66	15	has	have	VERB
fbem-26879	66	16	a	a	DET
fbem-26879	66	17	positive	positive	ADJ
fbem-26879	66	18	impact	impact	NOUN
fbem-26879	66	19	on	on	ADP
fbem-26879	66	20	the	the	DET
fbem-26879	66	21	company	company	NOUN
fbem-26879	66	22	.	.	PUNCT
fbem-26879	67	1	however	however	ADV
fbem-26879	67	2	,	,	PUNCT
fbem-26879	67	3	ma	ma	PROPN
fbem-26879	67	4	jingru	jingru	PROPN
fbem-26879	67	5	(	(	PUNCT
fbem-26879	67	6	2024	2024	NUM
fbem-26879	67	7	)	)	PUNCT
fbem-26879	67	8	came	come	VERB
fbem-26879	67	9	to	to	ADP
fbem-26879	67	10	a	a	DET
fbem-26879	67	11	different	different	ADJ
fbem-26879	67	12	view	view	NOUN
fbem-26879	67	13	after	after	ADP
fbem-26879	67	14	studying	study	VERB
fbem-26879	67	15	the	the	DET
fbem-26879	67	16	case	case	NOUN
fbem-26879	67	17	of	of	ADP
fbem-26879	67	18	china	china	PROPN
fbem-26879	67	19	resources	resource	VERB
fbem-26879	67	20	pharmaceutical	pharmaceutical	PROPN
fbem-26879	67	21	's	's	PART
fbem-26879	67	22	acquisition	acquisition	NOUN
fbem-26879	67	23	of	of	ADP
fbem-26879	67	24	jiangzhong	jiangzhong	ADJ
fbem-26879	67	25	pharmaceutical	pharmaceutical	NOUN
fbem-26879	67	26	.	.	PUNCT
fbem-26879	68	1	china	china	PROPN
fbem-26879	68	2	resources	resource	VERB
fbem-26879	68	3	pharmaceutical	pharmaceutical	PROPN
fbem-26879	68	4	's	's	PART
fbem-26879	68	5	profitability	profitability	NOUN
fbem-26879	68	6	and	and	CCONJ
fbem-26879	68	7	performance	performance	NOUN
fbem-26879	68	8	have	have	AUX
fbem-26879	68	9	significantly	significantly	ADV
fbem-26879	68	10	improved	improve	VERB
fbem-26879	68	11	in	in	ADP
fbem-26879	68	12	the	the	DET
fbem-26879	68	13	period	period	NOUN
fbem-26879	68	14	after	after	ADP
fbem-26879	68	15	the	the	DET
fbem-26879	68	16	acquisition	acquisition	NOUN
fbem-26879	68	17	,	,	PUNCT
fbem-26879	68	18	but	but	CCONJ
fbem-26879	68	19	it	it	PRON
fbem-26879	68	20	has	have	AUX
fbem-26879	68	21	shown	show	VERB
fbem-26879	68	22	a	a	DET
fbem-26879	68	23	slight	slight	ADJ
fbem-26879	68	24	lack	lack	NOUN
fbem-26879	68	25	of	of	ADP
fbem-26879	68	26	follow	follow	NOUN
fbem-26879	68	27	-	-	PUNCT
fbem-26879	68	28	up	up	NOUN
fbem-26879	68	29	in	in	ADP
fbem-26879	68	30	the	the	DET
fbem-26879	68	31	long	long	ADJ
fbem-26879	68	32	run	run	NOUN
fbem-26879	68	33	.	.	PUNCT
fbem-26879	69	1	this	this	PRON
fbem-26879	69	2	also	also	ADV
fbem-26879	69	3	indicates	indicate	VERB
fbem-26879	69	4	that	that	SCONJ
fbem-26879	69	5	the	the	DET
fbem-26879	69	6	effects	effect	NOUN
fbem-26879	69	7	of	of	ADP
fbem-26879	69	8	mergers	merger	NOUN
fbem-26879	69	9	and	and	CCONJ
fbem-26879	69	10	acquisitions	acquisition	NOUN
fbem-26879	69	11	by	by	ADP
fbem-26879	69	12	companies	company	NOUN
fbem-26879	69	13	in	in	ADP
fbem-26879	69	14	different	different	ADJ
fbem-26879	69	15	industries	industry	NOUN
fbem-26879	69	16	may	may	AUX
fbem-26879	69	17	vary	vary	VERB
fbem-26879	69	18	.	.	PUNCT
fbem-26879	70	1	2.2.2	2.2.2	X
fbem-26879	70	2	.	.	X
fbem-26879	71	1	review	review	NOUN
fbem-26879	71	2	of	of	ADP
fbem-26879	71	3	foreign	foreign	ADJ
fbem-26879	71	4	literature	literature	NOUN
fbem-26879	71	5	the	the	DET
fbem-26879	71	6	impact	impact	NOUN
fbem-26879	71	7	of	of	ADP
fbem-26879	71	8	foreign	foreign	ADJ
fbem-26879	71	9	mergers	merger	NOUN
fbem-26879	71	10	and	and	CCONJ
fbem-26879	71	11	acquisitions	acquisition	NOUN
fbem-26879	71	12	can	can	AUX
fbem-26879	71	13	be	be	AUX
fbem-26879	71	14	divided	divide	VERB
fbem-26879	71	15	into	into	ADP
fbem-26879	71	16	two	two	NUM
fbem-26879	71	17	partstobias	partstobia	NOUN
fbem-26879	71	18	stucki	stucki	ADJ
fbem-26879	71	19	.	.	PUNCT
fbem-26879	72	1	some	some	DET
fbem-26879	72	2	scholars	scholar	NOUN
fbem-26879	72	3	believe	believe	VERB
fbem-26879	72	4	that	that	SCONJ
fbem-26879	72	5	mergers	merger	NOUN
fbem-26879	72	6	and	and	CCONJ
fbem-26879	72	7	acquisitions	acquisition	NOUN
fbem-26879	72	8	have	have	VERB
fbem-26879	72	9	a	a	DET
fbem-26879	72	10	positive	positive	ADJ
fbem-26879	72	11	impact	impact	NOUN
fbem-26879	72	12	on	on	ADP
fbem-26879	72	13	corporate	corporate	ADJ
fbem-26879	72	14	performance	performance	NOUN
fbem-26879	72	15	,	,	PUNCT
fbem-26879	72	16	rahman	rahman	PROPN
fbem-26879	72	17	jahidur	jahidur	PROPN
fbem-26879	72	18	(	(	PUNCT
fbem-26879	72	19	2024	2024	NUM
fbem-26879	72	20	)	)	PUNCT
fbem-26879	72	21	adopting	adopt	VERB
fbem-26879	72	22	fixed	fix	VERB
fbem-26879	72	23	effects	effect	NOUN
fbem-26879	72	24	and	and	CCONJ
fbem-26879	72	25	random	random	ADJ
fbem-26879	72	26	models	model	NOUN
fbem-26879	72	27	based	base	VERB
fbem-26879	72	28	on	on	ADP
fbem-26879	72	29	hausman	hausman	ADJ
fbem-26879	72	30	test	test	NOUN
fbem-26879	72	31	to	to	PART
fbem-26879	72	32	alleviate	alleviate	VERB
fbem-26879	72	33	potential	potential	ADJ
fbem-26879	72	34	heterogeneity	heterogeneity	NOUN
fbem-26879	72	35	issues	issue	NOUN
fbem-26879	72	36	in	in	ADP
fbem-26879	72	37	selection	selection	NOUN
fbem-26879	72	38	[	[	X
fbem-26879	72	39	5	5	NUM
fbem-26879	72	40	]	]	PUNCT
fbem-26879	72	41	.	.	PUNCT
fbem-26879	73	1	the	the	DET
fbem-26879	73	2	survey	survey	NOUN
fbem-26879	73	3	results	result	NOUN
fbem-26879	73	4	indicate	indicate	VERB
fbem-26879	73	5	that	that	SCONJ
fbem-26879	73	6	acquiring	acquire	VERB
fbem-26879	73	7	targets	target	NOUN
fbem-26879	73	8	with	with	ADP
fbem-26879	73	9	high	high	ADJ
fbem-26879	73	10	esg	esg	PROPN
fbem-26879	73	11	javascript	javascript	NOUN
fbem-26879	73	12	:	:	PUNCT
fbem-26879	73	13	void(0	void(0	NOUN
fbem-26879	73	14	)	)	PUNCT
fbem-26879	73	15	javascript	javascript	NOUN
fbem-26879	73	16	:	:	PUNCT
fbem-26879	73	17	void(0	void(0	NOUN
fbem-26879	73	18	)	)	PUNCT
fbem-26879	73	19	249	249	NUM
fbem-26879	73	20	performance	performance	NOUN
fbem-26879	73	21	can	can	AUX
fbem-26879	73	22	help	help	VERB
fbem-26879	73	23	improve	improve	VERB
fbem-26879	73	24	their	their	PRON
fbem-26879	73	25	own	own	ADJ
fbem-26879	73	26	esg	esg	NOUN
fbem-26879	73	27	performance	performance	NOUN
fbem-26879	73	28	,	,	PUNCT
fbem-26879	73	29	thereby	thereby	ADV
fbem-26879	73	30	increasing	increase	VERB
fbem-26879	73	31	their	their	PRON
fbem-26879	73	32	market	market	NOUN
fbem-26879	73	33	value	value	NOUN
fbem-26879	73	34	.	.	PUNCT
fbem-26879	74	1	but	but	CCONJ
fbem-26879	74	2	there	there	PRON
fbem-26879	74	3	are	be	VERB
fbem-26879	74	4	also	also	ADV
fbem-26879	74	5	some	some	DET
fbem-26879	74	6	scholars	scholar	NOUN
fbem-26879	74	7	who	who	PRON
fbem-26879	74	8	believe	believe	VERB
fbem-26879	74	9	that	that	SCONJ
fbem-26879	74	10	mergers	merger	NOUN
fbem-26879	74	11	and	and	CCONJ
fbem-26879	74	12	acquisitions	acquisition	NOUN
fbem-26879	74	13	are	be	AUX
fbem-26879	74	14	not	not	PART
fbem-26879	74	15	good	good	ADJ
fbem-26879	74	16	for	for	ADP
fbem-26879	74	17	corporate	corporate	ADJ
fbem-26879	74	18	performance	performance	NOUN
fbem-26879	74	19	.	.	PUNCT
fbem-26879	75	1	bomik	bomik	ADJ
fbem-26879	75	2	and	and	CCONJ
fbem-26879	75	3	seraca	seraca	NOUN
fbem-26879	75	4	(	(	PUNCT
fbem-26879	75	5	2012	2012	NUM
fbem-26879	75	6	)	)	PUNCT
fbem-26879	75	7	found	find	VERB
fbem-26879	75	8	that	that	SCONJ
fbem-26879	75	9	the	the	DET
fbem-26879	75	10	performance	performance	NOUN
fbem-26879	75	11	of	of	ADP
fbem-26879	75	12	companies	company	NOUN
fbem-26879	75	13	after	after	ADP
fbem-26879	75	14	mergers	merger	NOUN
fbem-26879	75	15	and	and	CCONJ
fbem-26879	75	16	acquisitions	acquisition	NOUN
fbem-26879	75	17	did	do	AUX
fbem-26879	75	18	not	not	PART
fbem-26879	75	19	improve	improve	VERB
fbem-26879	75	20	,	,	PUNCT
fbem-26879	75	21	and	and	CCONJ
fbem-26879	75	22	on	on	ADP
fbem-26879	75	23	the	the	DET
fbem-26879	75	24	contrary	contrary	NOUN
fbem-26879	75	25	,	,	PUNCT
fbem-26879	75	26	there	there	PRON
fbem-26879	75	27	is	be	VERB
fbem-26879	75	28	a	a	DET
fbem-26879	75	29	high	high	ADJ
fbem-26879	75	30	probability	probability	NOUN
fbem-26879	75	31	that	that	SCONJ
fbem-26879	75	32	it	it	PRON
fbem-26879	75	33	may	may	AUX
fbem-26879	75	34	decrease	decrease	VERB
fbem-26879	75	35	.	.	PUNCT
fbem-26879	76	1	2.2.3	2.2.3	X
fbem-26879	76	2	.	.	X
fbem-26879	77	1	literature	literature	NOUN
fbem-26879	77	2	review	review	NOUN
fbem-26879	77	3	after	after	ADP
fbem-26879	77	4	reviewing	review	VERB
fbem-26879	77	5	the	the	DET
fbem-26879	77	6	literature	literature	NOUN
fbem-26879	77	7	on	on	ADP
fbem-26879	77	8	the	the	DET
fbem-26879	77	9	performance	performance	NOUN
fbem-26879	77	10	of	of	ADP
fbem-26879	77	11	corporate	corporate	ADJ
fbem-26879	77	12	mergers	merger	NOUN
fbem-26879	77	13	and	and	CCONJ
fbem-26879	77	14	acquisitions	acquisition	NOUN
fbem-26879	77	15	by	by	ADP
fbem-26879	77	16	domestic	domestic	ADJ
fbem-26879	77	17	and	and	CCONJ
fbem-26879	77	18	foreign	foreign	ADJ
fbem-26879	77	19	scholars	scholar	NOUN
fbem-26879	77	20	,	,	PUNCT
fbem-26879	77	21	it	it	PRON
fbem-26879	77	22	is	be	AUX
fbem-26879	77	23	found	find	VERB
fbem-26879	77	24	that	that	SCONJ
fbem-26879	77	25	although	although	SCONJ
fbem-26879	77	26	chinese	chinese	ADJ
fbem-26879	77	27	scholars	scholar	NOUN
fbem-26879	77	28	started	start	VERB
fbem-26879	77	29	relatively	relatively	ADV
fbem-26879	77	30	late	late	ADV
fbem-26879	77	31	,	,	PUNCT
fbem-26879	77	32	the	the	DET
fbem-26879	77	33	research	research	NOUN
fbem-26879	77	34	on	on	ADP
fbem-26879	77	35	m&a	m&a	PROPN
fbem-26879	77	36	performance	performance	NOUN
fbem-26879	77	37	involves	involve	VERB
fbem-26879	77	38	a	a	DET
fbem-26879	77	39	wide	wide	ADJ
fbem-26879	77	40	range	range	NOUN
fbem-26879	77	41	of	of	ADP
fbem-26879	77	42	industry	industry	NOUN
fbem-26879	77	43	fields	field	NOUN
fbem-26879	77	44	and	and	CCONJ
fbem-26879	77	45	is	be	AUX
fbem-26879	77	46	more	more	ADV
fbem-26879	77	47	in	in	ADP
fbem-26879	77	48	-	-	PUNCT
fbem-26879	77	49	depth	depth	NOUN
fbem-26879	77	50	;	;	PUNCT
fbem-26879	77	51	foreign	foreign	ADJ
fbem-26879	77	52	scholars	scholar	NOUN
fbem-26879	77	53	started	start	VERB
fbem-26879	77	54	their	their	PRON
fbem-26879	77	55	research	research	NOUN
fbem-26879	77	56	earlier	early	ADV
fbem-26879	77	57	and	and	CCONJ
fbem-26879	77	58	are	be	AUX
fbem-26879	77	59	ahead	ahead	ADV
fbem-26879	77	60	of	of	ADP
fbem-26879	77	61	china	china	PROPN
fbem-26879	77	62	in	in	ADP
fbem-26879	77	63	terms	term	NOUN
fbem-26879	77	64	of	of	ADP
fbem-26879	77	65	both	both	DET
fbem-26879	77	66	time	time	NOUN
fbem-26879	77	67	length	length	NOUN
fbem-26879	77	68	and	and	CCONJ
fbem-26879	77	69	scope	scope	NOUN
fbem-26879	77	70	.	.	PUNCT
fbem-26879	78	1	the	the	DET
fbem-26879	78	2	research	research	NOUN
fbem-26879	78	3	system	system	NOUN
fbem-26879	78	4	abroad	abroad	ADV
fbem-26879	78	5	is	be	AUX
fbem-26879	78	6	relatively	relatively	ADV
fbem-26879	78	7	mature	mature	ADJ
fbem-26879	78	8	.	.	PUNCT
fbem-26879	79	1	the	the	DET
fbem-26879	79	2	research	research	NOUN
fbem-26879	79	3	conclusions	conclusion	NOUN
fbem-26879	79	4	on	on	ADP
fbem-26879	79	5	the	the	DET
fbem-26879	79	6	performance	performance	NOUN
fbem-26879	79	7	of	of	ADP
fbem-26879	79	8	mergers	merger	NOUN
fbem-26879	79	9	and	and	CCONJ
fbem-26879	79	10	acquisitions	acquisition	NOUN
fbem-26879	79	11	are	be	AUX
fbem-26879	79	12	generally	generally	ADV
fbem-26879	79	13	consistent	consistent	ADJ
fbem-26879	79	14	among	among	ADP
fbem-26879	79	15	domestic	domestic	ADJ
fbem-26879	79	16	scholars	scholar	NOUN
fbem-26879	79	17	.	.	PUNCT
fbem-26879	80	1	from	from	ADP
fbem-26879	80	2	the	the	DET
fbem-26879	80	3	research	research	NOUN
fbem-26879	80	4	conclusions	conclusion	NOUN
fbem-26879	80	5	,	,	PUNCT
fbem-26879	80	6	scholars	scholar	NOUN
fbem-26879	80	7	have	have	VERB
fbem-26879	80	8	different	different	ADJ
fbem-26879	80	9	opinions	opinion	NOUN
fbem-26879	80	10	on	on	ADP
fbem-26879	80	11	the	the	DET
fbem-26879	80	12	impact	impact	NOUN
fbem-26879	80	13	of	of	ADP
fbem-26879	80	14	mergers	merger	NOUN
fbem-26879	80	15	and	and	CCONJ
fbem-26879	80	16	acquisitions	acquisition	NOUN
fbem-26879	80	17	on	on	ADP
fbem-26879	80	18	corporate	corporate	ADJ
fbem-26879	80	19	performance	performance	NOUN
fbem-26879	80	20	,	,	PUNCT
fbem-26879	80	21	and	and	CCONJ
fbem-26879	80	22	there	there	PRON
fbem-26879	80	23	is	be	VERB
fbem-26879	80	24	no	no	DET
fbem-26879	80	25	unified	unified	ADJ
fbem-26879	80	26	conclusion	conclusion	NOUN
fbem-26879	80	27	yet	yet	ADV
fbem-26879	80	28	.	.	PUNCT
fbem-26879	81	1	many	many	ADJ
fbem-26879	81	2	scholars	scholar	NOUN
fbem-26879	81	3	at	at	ADP
fbem-26879	81	4	home	home	ADV
fbem-26879	81	5	and	and	CCONJ
fbem-26879	81	6	abroad	abroad	ADV
fbem-26879	81	7	have	have	AUX
fbem-26879	81	8	conducted	conduct	VERB
fbem-26879	81	9	research	research	NOUN
fbem-26879	81	10	and	and	CCONJ
fbem-26879	81	11	analysis	analysis	NOUN
fbem-26879	81	12	on	on	ADP
fbem-26879	81	13	the	the	DET
fbem-26879	81	14	performance	performance	NOUN
fbem-26879	81	15	of	of	ADP
fbem-26879	81	16	corporate	corporate	ADJ
fbem-26879	81	17	mergers	merger	NOUN
fbem-26879	81	18	and	and	CCONJ
fbem-26879	81	19	acquisitions	acquisition	NOUN
fbem-26879	81	20	.	.	PUNCT
fbem-26879	82	1	3	3	X
fbem-26879	82	2	.	.	X
fbem-26879	82	3	introduction	introduction	NOUN
fbem-26879	82	4	to	to	ADP
fbem-26879	82	5	three	three	NUM
fbem-26879	82	6	mergers	merger	NOUN
fbem-26879	82	7	and	and	CCONJ
fbem-26879	82	8	acquisitions	acquisition	NOUN
fbem-26879	82	9	cases	case	NOUN
fbem-26879	82	10	of	of	ADP
fbem-26879	82	11	meituan	meituan	PROPN
fbem-26879	82	12	3.1	3.1	NUM
fbem-26879	82	13	.	.	PUNCT
fbem-26879	83	1	meituan	meituan	PROPN
fbem-26879	83	2	's	's	PART
fbem-26879	83	3	acquisition	acquisition	NOUN
fbem-26879	83	4	of	of	ADP
fbem-26879	83	5	dianping	dianpe	VERB
fbem-26879	83	6	3.1.1	3.1.1	NUM
fbem-26879	83	7	.	.	PUNCT
fbem-26879	84	1	corporate	corporate	ADJ
fbem-26879	84	2	overview	overview	NOUN
fbem-26879	84	3	of	of	ADP
fbem-26879	84	4	meituan	meituan	NOUN
fbem-26879	84	5	and	and	CCONJ
fbem-26879	84	6	dianping	dianpe	VERB
fbem-26879	84	7	(	(	PUNCT
fbem-26879	84	8	1	1	NUM
fbem-26879	84	9	)	)	PUNCT
fbem-26879	84	10	overview	overview	NOUN
fbem-26879	84	11	of	of	ADP
fbem-26879	84	12	the	the	DET
fbem-26879	84	13	acquirer	acquirer	NOUN
fbem-26879	84	14	meituan	meituan	PROPN
fbem-26879	84	15	in	in	ADP
fbem-26879	84	16	march	march	PROPN
fbem-26879	84	17	2010	2010	NUM
fbem-26879	84	18	,	,	PUNCT
fbem-26879	84	19	wang	wang	PROPN
fbem-26879	84	20	xing	xing	PROPN
fbem-26879	84	21	saw	see	VERB
fbem-26879	84	22	the	the	DET
fbem-26879	84	23	development	development	NOUN
fbem-26879	84	24	momentum	momentum	NOUN
fbem-26879	84	25	of	of	ADP
fbem-26879	84	26	groupon	groupon	NOUN
fbem-26879	84	27	and	and	CCONJ
fbem-26879	84	28	borrowed	borrow	VERB
fbem-26879	84	29	its	its	PRON
fbem-26879	84	30	model	model	NOUN
fbem-26879	84	31	to	to	PART
fbem-26879	84	32	establish	establish	VERB
fbem-26879	84	33	meituan	meituan	PROPN
fbem-26879	84	34	.	.	PUNCT
fbem-26879	85	1	after	after	ADP
fbem-26879	85	2	its	its	PRON
fbem-26879	85	3	establishment	establishment	NOUN
fbem-26879	85	4	,	,	PUNCT
fbem-26879	85	5	meituan	meituan	PROPN
fbem-26879	85	6	quickly	quickly	ADV
fbem-26879	85	7	gained	gain	VERB
fbem-26879	85	8	popularity	popularity	NOUN
fbem-26879	85	9	in	in	ADP
fbem-26879	85	10	the	the	DET
fbem-26879	85	11	capital	capital	NOUN
fbem-26879	85	12	market	market	NOUN
fbem-26879	85	13	and	and	CCONJ
fbem-26879	85	14	received	receive	VERB
fbem-26879	85	15	investments	investment	NOUN
fbem-26879	85	16	from	from	ADP
fbem-26879	85	17	institutions	institution	NOUN
fbem-26879	85	18	such	such	ADJ
fbem-26879	85	19	as	as	ADP
fbem-26879	85	20	sequoia	sequoia	NOUN
fbem-26879	85	21	capital	capital	NOUN
fbem-26879	85	22	and	and	CCONJ
fbem-26879	85	23	alibaba	alibaba	PROPN
fbem-26879	85	24	.	.	PUNCT
fbem-26879	86	1	afterwards	afterwards	ADV
fbem-26879	86	2	,	,	PUNCT
fbem-26879	86	3	it	it	PRON
fbem-26879	86	4	quickly	quickly	ADV
fbem-26879	86	5	expanded	expand	VERB
fbem-26879	86	6	into	into	ADP
fbem-26879	86	7	second	second	ADJ
fbem-26879	86	8	and	and	CCONJ
fbem-26879	86	9	third	third	ADJ
fbem-26879	86	10	tier	tier	NOUN
fbem-26879	86	11	cities	city	NOUN
fbem-26879	86	12	,	,	PUNCT
fbem-26879	86	13	and	and	CCONJ
fbem-26879	86	14	even	even	ADV
fbem-26879	86	15	sank	sink	VERB
fbem-26879	86	16	into	into	ADP
fbem-26879	86	17	fourth	fourth	ADJ
fbem-26879	86	18	tier	tier	NOUN
fbem-26879	86	19	cities	city	NOUN
fbem-26879	86	20	.	.	PUNCT
fbem-26879	87	1	this	this	PRON
fbem-26879	87	2	led	lead	VERB
fbem-26879	87	3	to	to	ADP
fbem-26879	87	4	meituan	meituan	PROPN
fbem-26879	87	5	's	's	PART
fbem-26879	87	6	exponential	exponential	ADJ
fbem-26879	87	7	expansion	expansion	NOUN
fbem-26879	87	8	and	and	CCONJ
fbem-26879	87	9	quickly	quickly	ADV
fbem-26879	87	10	became	become	VERB
fbem-26879	87	11	the	the	DET
fbem-26879	87	12	leader	leader	NOUN
fbem-26879	87	13	in	in	ADP
fbem-26879	87	14	the	the	DET
fbem-26879	87	15	domestic	domestic	ADJ
fbem-26879	87	16	group	group	NOUN
fbem-26879	87	17	buying	buying	NOUN
fbem-26879	87	18	market	market	NOUN
fbem-26879	87	19	.	.	PUNCT
fbem-26879	88	1	in	in	ADP
fbem-26879	88	2	terms	term	NOUN
fbem-26879	88	3	of	of	ADP
fbem-26879	88	4	financing	financing	NOUN
fbem-26879	88	5	,	,	PUNCT
fbem-26879	88	6	meituan	meituan	PROPN
fbem-26879	88	7	went	go	VERB
fbem-26879	88	8	through	through	ADP
fbem-26879	88	9	multiple	multiple	ADJ
fbem-26879	88	10	rounds	round	NOUN
fbem-26879	88	11	of	of	ADP
fbem-26879	88	12	financing	financing	NOUN
fbem-26879	88	13	from	from	ADP
fbem-26879	88	14	its	its	PRON
fbem-26879	88	15	establishment	establishment	NOUN
fbem-26879	88	16	in	in	ADP
fbem-26879	88	17	2010	2010	NUM
fbem-26879	88	18	to	to	ADP
fbem-26879	88	19	its	its	PRON
fbem-26879	88	20	acquisition	acquisition	NOUN
fbem-26879	88	21	of	of	ADP
fbem-26879	88	22	dianping	dianpe	VERB
fbem-26879	88	23	in	in	ADP
fbem-26879	88	24	2015	2015	NUM
fbem-26879	88	25	.	.	PUNCT
fbem-26879	89	1	(	(	PUNCT
fbem-26879	89	2	2	2	X
fbem-26879	89	3	)	)	PUNCT
fbem-26879	89	4	overview	overview	NOUN
fbem-26879	89	5	of	of	ADP
fbem-26879	89	6	the	the	DET
fbem-26879	89	7	acquired	acquire	VERB
fbem-26879	89	8	company	company	NOUN
fbem-26879	89	9	dianping	dianpe	VERB
fbem-26879	89	10	in	in	ADP
fbem-26879	89	11	april	april	PROPN
fbem-26879	89	12	2003	2003	NUM
fbem-26879	89	13	,	,	PUNCT
fbem-26879	89	14	dianping	dianping	NOUN
fbem-26879	89	15	was	be	AUX
fbem-26879	89	16	established	establish	VERB
fbem-26879	89	17	in	in	ADP
fbem-26879	89	18	shanghai	shanghai	PROPN
fbem-26879	89	19	,	,	PUNCT
fbem-26879	89	20	and	and	CCONJ
fbem-26879	89	21	its	its	PRON
fbem-26879	89	22	founder	founder	NOUN
fbem-26879	89	23	zhang	zhang	PROPN
fbem-26879	89	24	tao	tao	PROPN
fbem-26879	89	25	created	create	VERB
fbem-26879	89	26	the	the	DET
fbem-26879	89	27	dianping	dianping	NOUN
fbem-26879	89	28	website	website	NOUN
fbem-26879	89	29	after	after	ADP
fbem-26879	89	30	understanding	understand	VERB
fbem-26879	89	31	people	people	NOUN
fbem-26879	89	32	's	's	PART
fbem-26879	89	33	needs	need	NOUN
fbem-26879	89	34	,	,	PUNCT
fbem-26879	89	35	allowing	allow	VERB
fbem-26879	89	36	people	people	NOUN
fbem-26879	89	37	to	to	PART
fbem-26879	89	38	add	add	VERB
fbem-26879	89	39	restaurant	restaurant	NOUN
fbem-26879	89	40	reviews	review	NOUN
fbem-26879	89	41	.	.	PUNCT
fbem-26879	90	1	the	the	DET
fbem-26879	90	2	operation	operation	NOUN
fbem-26879	90	3	mode	mode	NOUN
fbem-26879	90	4	of	of	ADP
fbem-26879	90	5	dianping	dianping	NOUN
fbem-26879	90	6	mainly	mainly	ADV
fbem-26879	90	7	relies	rely	VERB
fbem-26879	90	8	on	on	ADP
fbem-26879	90	9	user	user	NOUN
fbem-26879	90	10	generated	generate	VERB
fbem-26879	90	11	content	content	NOUN
fbem-26879	90	12	(	(	PUNCT
fbem-26879	90	13	ugc	ugc	PROPN
fbem-26879	90	14	)	)	PUNCT
fbem-26879	90	15	and	and	CCONJ
fbem-26879	90	16	cooperation	cooperation	NOUN
fbem-26879	90	17	with	with	ADP
fbem-26879	90	18	merchants	merchant	NOUN
fbem-26879	90	19	.	.	PUNCT
fbem-26879	91	1	the	the	DET
fbem-26879	91	2	ugc	ugc	PROPN
fbem-26879	91	3	model	model	NOUN
fbem-26879	91	4	is	be	AUX
fbem-26879	91	5	a	a	DET
fbem-26879	91	6	way	way	NOUN
fbem-26879	91	7	for	for	ADP
fbem-26879	91	8	dianping	dianpe	VERB
fbem-26879	91	9	to	to	PART
fbem-26879	91	10	encourage	encourage	VERB
fbem-26879	91	11	users	user	NOUN
fbem-26879	91	12	to	to	PART
fbem-26879	91	13	share	share	VERB
fbem-26879	91	14	their	their	PRON
fbem-26879	91	15	consumption	consumption	NOUN
fbem-26879	91	16	experiences	experience	NOUN
fbem-26879	91	17	,	,	PUNCT
fbem-26879	91	18	post	post	NOUN
fbem-26879	91	19	reviews	review	NOUN
fbem-26879	91	20	,	,	PUNCT
fbem-26879	91	21	and	and	CCONJ
fbem-26879	91	22	make	make	VERB
fbem-26879	91	23	recommendations	recommendation	NOUN
fbem-26879	91	24	.	.	PUNCT
fbem-26879	92	1	since	since	SCONJ
fbem-26879	92	2	2006	2006	NUM
fbem-26879	92	3	,	,	PUNCT
fbem-26879	92	4	dianping	dianping	NOUN
fbem-26879	92	5	has	have	AUX
fbem-26879	92	6	gone	go	VERB
fbem-26879	92	7	through	through	ADP
fbem-26879	92	8	six	six	NUM
fbem-26879	92	9	rounds	round	NOUN
fbem-26879	92	10	of	of	ADP
fbem-26879	92	11	financing	financing	NOUN
fbem-26879	92	12	.	.	PUNCT
fbem-26879	93	1	these	these	DET
fbem-26879	93	2	financings	financing	NOUN
fbem-26879	93	3	provide	provide	VERB
fbem-26879	93	4	financial	financial	ADJ
fbem-26879	93	5	support	support	NOUN
fbem-26879	93	6	for	for	ADP
fbem-26879	93	7	the	the	DET
fbem-26879	93	8	operational	operational	ADJ
fbem-26879	93	9	development	development	NOUN
fbem-26879	93	10	of	of	ADP
fbem-26879	93	11	dianping	dianping	NOUN
fbem-26879	93	12	,	,	PUNCT
fbem-26879	93	13	helping	help	VERB
fbem-26879	93	14	it	it	PRON
fbem-26879	93	15	expand	expand	VERB
fbem-26879	93	16	its	its	PRON
fbem-26879	93	17	business	business	NOUN
fbem-26879	93	18	,	,	PUNCT
fbem-26879	93	19	technology	technology	NOUN
fbem-26879	93	20	research	research	NOUN
fbem-26879	93	21	and	and	CCONJ
fbem-26879	93	22	development	development	NOUN
fbem-26879	93	23	,	,	PUNCT
fbem-26879	93	24	and	and	CCONJ
fbem-26879	93	25	other	other	ADJ
fbem-26879	93	26	operational	operational	ADJ
fbem-26879	93	27	activities	activity	NOUN
fbem-26879	93	28	.	.	PUNCT
fbem-26879	94	1	3.1.2	3.1.2	X
fbem-26879	94	2	.	.	PUNCT
fbem-26879	95	1	meituan	meituan	PROPN
fbem-26879	95	2	's	's	PART
fbem-26879	95	3	acquisition	acquisition	NOUN
fbem-26879	95	4	of	of	ADP
fbem-26879	95	5	dianping	dianpe	VERB
fbem-26879	95	6	after	after	ADP
fbem-26879	95	7	friendly	friendly	ADJ
fbem-26879	95	8	negotiations	negotiation	NOUN
fbem-26879	95	9	between	between	ADP
fbem-26879	95	10	meituan	meituan	NOUN
fbem-26879	95	11	and	and	CCONJ
fbem-26879	95	12	dianping	dianpe	VERB
fbem-26879	95	13	to	to	PART
fbem-26879	95	14	determine	determine	VERB
fbem-26879	95	15	the	the	DET
fbem-26879	95	16	merger	merger	NOUN
fbem-26879	95	17	conditions	condition	NOUN
fbem-26879	95	18	,	,	PUNCT
fbem-26879	95	19	on	on	ADP
fbem-26879	95	20	october	october	PROPN
fbem-26879	95	21	8	8	NUM
fbem-26879	95	22	,	,	PUNCT
fbem-26879	95	23	2015	2015	NUM
fbem-26879	95	24	,	,	PUNCT
fbem-26879	95	25	meituan	meituan	NOUN
fbem-26879	95	26	and	and	CCONJ
fbem-26879	95	27	dianping	dianpe	VERB
fbem-26879	95	28	jointly	jointly	ADV
fbem-26879	95	29	issued	issue	VERB
fbem-26879	95	30	a	a	DET
fbem-26879	95	31	statement	statement	NOUN
fbem-26879	95	32	of	of	ADP
fbem-26879	95	33	strategic	strategic	ADJ
fbem-26879	95	34	cooperation	cooperation	NOUN
fbem-26879	95	35	.	.	PUNCT
fbem-26879	96	1	both	both	DET
fbem-26879	96	2	parties	party	NOUN
fbem-26879	96	3	will	will	AUX
fbem-26879	96	4	jointly	jointly	ADV
fbem-26879	96	5	establish	establish	VERB
fbem-26879	96	6	a	a	DET
fbem-26879	96	7	new	new	ADJ
fbem-26879	96	8	company	company	NOUN
fbem-26879	96	9	,	,	PUNCT
fbem-26879	96	10	which	which	PRON
fbem-26879	96	11	will	will	AUX
fbem-26879	96	12	become	become	VERB
fbem-26879	96	13	a	a	DET
fbem-26879	96	14	leading	lead	VERB
fbem-26879	96	15	platform	platform	NOUN
fbem-26879	96	16	in	in	ADP
fbem-26879	96	17	china	china	PROPN
fbem-26879	96	18	's	's	PART
fbem-26879	96	19	o2o	o2o	NOUN
fbem-26879	96	20	field	field	NOUN
fbem-26879	96	21	,	,	PUNCT
fbem-26879	96	22	known	know	VERB
fbem-26879	96	23	as	as	ADP
fbem-26879	96	24	"	"	PUNCT
fbem-26879	96	25	new	new	ADJ
fbem-26879	96	26	meida	meida	NOUN
fbem-26879	96	27	"	"	PUNCT
fbem-26879	96	28	or	or	CCONJ
fbem-26879	96	29	"	"	PUNCT
fbem-26879	96	30	china	china	PROPN
fbem-26879	96	31	internet	internet	PROPN
fbem-26879	96	32	plus	plus	CCONJ
fbem-26879	96	33	group	group	NOUN
fbem-26879	96	34	"	"	PUNCT
fbem-26879	96	35	in	in	ADP
fbem-26879	96	36	english	english	PROPN
fbem-26879	96	37	.	.	PUNCT
fbem-26879	97	1	meituan	meituan	PROPN
fbem-26879	97	2	continues	continue	VERB
fbem-26879	97	3	to	to	PART
fbem-26879	97	4	improve	improve	VERB
fbem-26879	97	5	its	its	PRON
fbem-26879	97	6	group	group	NOUN
fbem-26879	97	7	buying	buying	NOUN
fbem-26879	97	8	business	business	NOUN
fbem-26879	97	9	,	,	PUNCT
fbem-26879	97	10	while	while	SCONJ
fbem-26879	97	11	dianping	dianpe	VERB
fbem-26879	97	12	assists	assist	VERB
fbem-26879	97	13	with	with	ADP
fbem-26879	97	14	its	its	PRON
fbem-26879	97	15	unique	unique	ADJ
fbem-26879	97	16	ugc	ugc	NOUN
fbem-26879	97	17	business	business	NOUN
fbem-26879	97	18	.	.	PUNCT
fbem-26879	98	1	the	the	DET
fbem-26879	98	2	capital	capital	NOUN
fbem-26879	98	3	of	of	ADP
fbem-26879	98	4	the	the	DET
fbem-26879	98	5	new	new	ADJ
fbem-26879	98	6	company	company	NOUN
fbem-26879	98	7	formed	form	VERB
fbem-26879	98	8	by	by	ADP
fbem-26879	98	9	the	the	DET
fbem-26879	98	10	merger	merger	NOUN
fbem-26879	98	11	of	of	ADP
fbem-26879	98	12	meituan	meituan	PROPN
fbem-26879	98	13	and	and	CCONJ
fbem-26879	98	14	dianping	dianping	NOUN
fbem-26879	98	15	has	have	AUX
fbem-26879	98	16	also	also	ADV
fbem-26879	98	17	changed	change	VERB
fbem-26879	98	18	.	.	PUNCT
fbem-26879	99	1	3.1.3	3.1.3	X
fbem-26879	99	2	.	.	PUNCT
fbem-26879	100	1	motivation	motivation	NOUN
fbem-26879	100	2	analysis	analysis	NOUN
fbem-26879	100	3	of	of	ADP
fbem-26879	100	4	meituan	meituan	PROPN
fbem-26879	100	5	's	's	PART
fbem-26879	100	6	acquisition	acquisition	NOUN
fbem-26879	100	7	of	of	ADP
fbem-26879	100	8	dianping	dianping	NOUN
fbem-26879	100	9	(	(	PUNCT
fbem-26879	100	10	1	1	X
fbem-26879	100	11	)	)	PUNCT
fbem-26879	100	12	obtain	obtain	VERB
fbem-26879	100	13	synergies	synergy	NOUN
fbem-26879	100	14	and	and	CCONJ
fbem-26879	100	15	integrate	integrate	VERB
fbem-26879	100	16	the	the	DET
fbem-26879	100	17	same	same	ADJ
fbem-26879	100	18	resources	resource	NOUN
fbem-26879	100	19	one	one	NUM
fbem-26879	100	20	of	of	ADP
fbem-26879	100	21	the	the	DET
fbem-26879	100	22	main	main	ADJ
fbem-26879	100	23	reasons	reason	NOUN
fbem-26879	100	24	for	for	ADP
fbem-26879	100	25	meituan	meituan	PROPN
fbem-26879	100	26	's	's	PART
fbem-26879	100	27	acquisition	acquisition	NOUN
fbem-26879	100	28	of	of	ADP
fbem-26879	100	29	dianping	dianping	NOUN
fbem-26879	100	30	is	be	AUX
fbem-26879	100	31	that	that	SCONJ
fbem-26879	100	32	it	it	PRON
fbem-26879	100	33	allows	allow	VERB
fbem-26879	100	34	for	for	ADP
fbem-26879	100	35	unified	unified	ADJ
fbem-26879	100	36	allocation	allocation	NOUN
fbem-26879	100	37	of	of	ADP
fbem-26879	100	38	the	the	DET
fbem-26879	100	39	same	same	ADJ
fbem-26879	100	40	resources	resource	NOUN
fbem-26879	100	41	after	after	ADP
fbem-26879	100	42	the	the	DET
fbem-26879	100	43	merger	merger	NOUN
fbem-26879	100	44	.	.	PUNCT
fbem-26879	101	1	meituan	meituan	PROPN
fbem-26879	101	2	started	start	VERB
fbem-26879	101	3	with	with	ADP
fbem-26879	101	4	group	group	NOUN
fbem-26879	101	5	buying	buying	NOUN
fbem-26879	101	6	business	business	NOUN
fbem-26879	101	7	,	,	PUNCT
fbem-26879	101	8	while	while	SCONJ
fbem-26879	101	9	dianping	dianping	NOUN
fbem-26879	101	10	entered	enter	VERB
fbem-26879	101	11	the	the	DET
fbem-26879	101	12	group	group	NOUN
fbem-26879	101	13	buying	buy	VERB
fbem-26879	101	14	industry	industry	NOUN
fbem-26879	101	15	in	in	ADP
fbem-26879	101	16	2010	2010	NUM
fbem-26879	101	17	.	.	PUNCT
fbem-26879	102	1	there	there	PRON
fbem-26879	102	2	is	be	VERB
fbem-26879	102	3	a	a	DET
fbem-26879	102	4	certain	certain	ADJ
fbem-26879	102	5	overlap	overlap	NOUN
fbem-26879	102	6	in	in	ADP
fbem-26879	102	7	business	business	NOUN
fbem-26879	102	8	between	between	ADP
fbem-26879	102	9	the	the	DET
fbem-26879	102	10	two	two	NUM
fbem-26879	102	11	parties	party	NOUN
fbem-26879	102	12	,	,	PUNCT
fbem-26879	102	13	such	such	ADJ
fbem-26879	102	14	as	as	ADP
fbem-26879	102	15	both	both	PRON
fbem-26879	102	16	involving	involve	VERB
fbem-26879	102	17	group	group	NOUN
fbem-26879	102	18	buying	buying	NOUN
fbem-26879	102	19	business	business	NOUN
fbem-26879	102	20	in	in	ADP
fbem-26879	102	21	the	the	DET
fbem-26879	102	22	fields	field	NOUN
fbem-26879	102	23	of	of	ADP
fbem-26879	102	24	catering	catering	NOUN
fbem-26879	102	25	and	and	CCONJ
fbem-26879	102	26	lifestyle	lifestyle	NOUN
fbem-26879	102	27	services	service	NOUN
fbem-26879	102	28	.	.	PUNCT
fbem-26879	103	1	through	through	ADP
fbem-26879	103	2	mergers	merger	NOUN
fbem-26879	103	3	and	and	CCONJ
fbem-26879	103	4	acquisitions	acquisition	NOUN
fbem-26879	103	5	,	,	PUNCT
fbem-26879	103	6	it	it	PRON
fbem-26879	103	7	is	be	AUX
fbem-26879	103	8	possible	possible	ADJ
fbem-26879	103	9	to	to	PART
fbem-26879	103	10	integrate	integrate	VERB
fbem-26879	103	11	their	their	PRON
fbem-26879	103	12	respective	respective	ADJ
fbem-26879	103	13	merchant	merchant	NOUN
fbem-26879	103	14	resources	resource	NOUN
fbem-26879	103	15	,	,	PUNCT
fbem-26879	103	16	user	user	NOUN
fbem-26879	103	17	resources	resource	NOUN
fbem-26879	103	18	,	,	PUNCT
fbem-26879	103	19	etc	etc	X
fbem-26879	103	20	.	.	X
fbem-26879	104	1	the	the	DET
fbem-26879	104	2	integration	integration	NOUN
fbem-26879	104	3	of	of	ADP
fbem-26879	104	4	the	the	DET
fbem-26879	104	5	same	same	ADJ
fbem-26879	104	6	resources	resource	NOUN
fbem-26879	104	7	greatly	greatly	ADV
fbem-26879	104	8	reduces	reduce	VERB
fbem-26879	104	9	enterprise	enterprise	NOUN
fbem-26879	104	10	costs	cost	NOUN
fbem-26879	104	11	.	.	PUNCT
fbem-26879	105	1	meituan	meituan	PROPN
fbem-26879	105	2	has	have	AUX
fbem-26879	105	3	set	set	VERB
fbem-26879	105	4	its	its	PRON
fbem-26879	105	5	sights	sight	NOUN
fbem-26879	105	6	on	on	ADP
fbem-26879	105	7	dianping	dianpe	VERB
fbem-26879	105	8	's	's	PART
fbem-26879	105	9	unique	unique	ADJ
fbem-26879	105	10	ugc	ugc	NOUN
fbem-26879	105	11	model	model	NOUN
fbem-26879	105	12	and	and	CCONJ
fbem-26879	105	13	related	relate	VERB
fbem-26879	105	14	human	human	ADJ
fbem-26879	105	15	resources	resource	NOUN
fbem-26879	105	16	,	,	PUNCT
fbem-26879	105	17	hoping	hope	VERB
fbem-26879	105	18	to	to	PART
fbem-26879	105	19	share	share	VERB
fbem-26879	105	20	resources	resource	NOUN
fbem-26879	105	21	and	and	CCONJ
fbem-26879	105	22	further	far	ADV
fbem-26879	105	23	expand	expand	VERB
fbem-26879	105	24	market	market	NOUN
fbem-26879	105	25	coverage	coverage	NOUN
fbem-26879	105	26	through	through	ADP
fbem-26879	105	27	mergers	merger	NOUN
fbem-26879	105	28	and	and	CCONJ
fbem-26879	105	29	acquisitions	acquisition	NOUN
fbem-26879	105	30	.	.	PUNCT
fbem-26879	106	1	(	(	PUNCT
fbem-26879	106	2	2	2	X
fbem-26879	106	3	)	)	PUNCT
fbem-26879	106	4	overcoming	overcome	VERB
fbem-26879	106	5	negative	negative	ADJ
fbem-26879	106	6	externalities	externality	NOUN
fbem-26879	106	7	of	of	ADP
fbem-26879	106	8	enterprises	enterprise	NOUN
fbem-26879	106	9	,	,	PUNCT
fbem-26879	106	10	reducing	reduce	VERB
fbem-26879	106	11	competition	competition	NOUN
fbem-26879	106	12	,	,	PUNCT
fbem-26879	106	13	and	and	CCONJ
fbem-26879	106	14	enhancing	enhance	VERB
fbem-26879	106	15	market	market	NOUN
fbem-26879	106	16	control	control	NOUN
fbem-26879	106	17	the	the	DET
fbem-26879	106	18	competition	competition	NOUN
fbem-26879	106	19	between	between	ADP
fbem-26879	106	20	two	two	NUM
fbem-26879	106	21	independent	independent	ADJ
fbem-26879	106	22	enterprises	enterprise	NOUN
fbem-26879	106	23	demonstrates	demonstrate	VERB
fbem-26879	106	24	this	this	DET
fbem-26879	106	25	externality	externality	NOUN
fbem-26879	106	26	.	.	PUNCT
fbem-26879	107	1	before	before	ADP
fbem-26879	107	2	the	the	DET
fbem-26879	107	3	merger	merger	NOUN
fbem-26879	107	4	of	of	ADP
fbem-26879	107	5	meituan	meituan	PROPN
fbem-26879	107	6	and	and	CCONJ
fbem-26879	107	7	dianping	dianping	NOUN
fbem-26879	107	8	,	,	PUNCT
fbem-26879	107	9	the	the	DET
fbem-26879	107	10	two	two	NUM
fbem-26879	107	11	were	be	AUX
fbem-26879	107	12	in	in	ADP
fbem-26879	107	13	a	a	DET
fbem-26879	107	14	competitive	competitive	ADJ
fbem-26879	107	15	relationship	relationship	NOUN
fbem-26879	107	16	in	in	ADP
fbem-26879	107	17	the	the	DET
fbem-26879	107	18	market	market	NOUN
fbem-26879	107	19	,	,	PUNCT
fbem-26879	107	20	and	and	CCONJ
fbem-26879	107	21	gradually	gradually	ADV
fbem-26879	107	22	developed	develop	VERB
fbem-26879	107	23	into	into	ADP
fbem-26879	107	24	vicious	vicious	ADJ
fbem-26879	107	25	competition	competition	NOUN
fbem-26879	107	26	in	in	ADP
fbem-26879	107	27	the	the	DET
fbem-26879	107	28	later	later	ADJ
fbem-26879	107	29	stage	stage	NOUN
fbem-26879	107	30	.	.	PUNCT
fbem-26879	108	1	the	the	DET
fbem-26879	108	2	result	result	NOUN
fbem-26879	108	3	of	of	ADP
fbem-26879	108	4	competition	competition	NOUN
fbem-26879	108	5	is	be	AUX
fbem-26879	108	6	often	often	ADV
fbem-26879	108	7	a	a	DET
fbem-26879	108	8	lose	lose	NOUN
fbem-26879	108	9	lose	lose	NOUN
fbem-26879	108	10	situation	situation	NOUN
fbem-26879	108	11	.	.	PUNCT
fbem-26879	109	1	the	the	DET
fbem-26879	109	2	competition	competition	NOUN
fbem-26879	109	3	between	between	ADP
fbem-26879	109	4	meituan	meituan	NOUN
fbem-26879	109	5	and	and	CCONJ
fbem-26879	109	6	dianping	dianpe	VERB
fbem-26879	109	7	not	not	PART
fbem-26879	109	8	only	only	ADV
fbem-26879	109	9	leads	lead	VERB
fbem-26879	109	10	to	to	ADP
fbem-26879	109	11	losses	loss	NOUN
fbem-26879	109	12	for	for	ADP
fbem-26879	109	13	both	both	DET
fbem-26879	109	14	companies	company	NOUN
fbem-26879	109	15	,	,	PUNCT
fbem-26879	109	16	but	but	CCONJ
fbem-26879	109	17	also	also	ADV
fbem-26879	109	18	causes	cause	VERB
fbem-26879	109	19	unbearable	unbearable	ADJ
fbem-26879	109	20	suffering	suffering	NOUN
fbem-26879	109	21	for	for	ADP
fbem-26879	109	22	internal	internal	ADJ
fbem-26879	109	23	employees	employee	NOUN
fbem-26879	109	24	and	and	CCONJ
fbem-26879	109	25	market	market	NOUN
fbem-26879	109	26	turbulence	turbulence	NOUN
fbem-26879	109	27	.	.	PUNCT
fbem-26879	110	1	the	the	DET
fbem-26879	110	2	merger	merger	NOUN
fbem-26879	110	3	and	and	CCONJ
fbem-26879	110	4	acquisition	acquisition	NOUN
fbem-26879	110	5	strategy	strategy	NOUN
fbem-26879	110	6	can	can	AUX
fbem-26879	110	7	reduce	reduce	VERB
fbem-26879	110	8	fierce	fierce	ADJ
fbem-26879	110	9	competition	competition	NOUN
fbem-26879	110	10	and	and	CCONJ
fbem-26879	110	11	reduce	reduce	VERB
fbem-26879	110	12	the	the	DET
fbem-26879	110	13	consumption	consumption	NOUN
fbem-26879	110	14	of	of	ADP
fbem-26879	110	15	competition	competition	NOUN
fbem-26879	110	16	between	between	ADP
fbem-26879	110	17	each	each	DET
fbem-26879	110	18	other	other	ADJ
fbem-26879	110	19	,	,	PUNCT
fbem-26879	110	20	not	not	PART
fbem-26879	110	21	only	only	ADV
fbem-26879	110	22	benefiting	benefit	VERB
fbem-26879	110	23	both	both	DET
fbem-26879	110	24	parties	party	NOUN
fbem-26879	110	25	,	,	PUNCT
fbem-26879	110	26	but	but	CCONJ
fbem-26879	110	27	also	also	ADV
fbem-26879	110	28	consolidating	consolidate	VERB
fbem-26879	110	29	their	their	PRON
fbem-26879	110	30	consumer	consumer	NOUN
fbem-26879	110	31	groups	group	NOUN
fbem-26879	110	32	and	and	CCONJ
fbem-26879	110	33	benefiting	benefit	VERB
fbem-26879	110	34	both	both	DET
fbem-26879	110	35	parties	party	NOUN
fbem-26879	110	36	'	'	PART
fbem-26879	110	37	consumers	consumer	NOUN
fbem-26879	110	38	.	.	PUNCT
fbem-26879	111	1	in	in	ADP
fbem-26879	111	2	addition	addition	NOUN
fbem-26879	111	3	,	,	PUNCT
fbem-26879	111	4	the	the	DET
fbem-26879	111	5	merger	merger	NOUN
fbem-26879	111	6	of	of	ADP
fbem-26879	111	7	the	the	DET
fbem-26879	111	8	two	two	NUM
fbem-26879	111	9	companies	company	NOUN
fbem-26879	111	10	can	can	AUX
fbem-26879	111	11	also	also	ADV
fbem-26879	111	12	enhance	enhance	VERB
fbem-26879	111	13	their	their	PRON
fbem-26879	111	14	competitive	competitive	ADJ
fbem-26879	111	15	advantage	advantage	NOUN
fbem-26879	111	16	over	over	ADP
fbem-26879	111	17	other	other	ADJ
fbem-26879	111	18	competitors	competitor	NOUN
fbem-26879	111	19	.	.	PUNCT
fbem-26879	112	1	the	the	DET
fbem-26879	112	2	merger	merger	NOUN
fbem-26879	112	3	of	of	ADP
fbem-26879	112	4	the	the	DET
fbem-26879	112	5	two	two	NUM
fbem-26879	112	6	can	can	AUX
fbem-26879	112	7	help	help	VERB
fbem-26879	112	8	form	form	VERB
fbem-26879	112	9	a	a	DET
fbem-26879	112	10	stronger	strong	ADJ
fbem-26879	112	11	market	market	NOUN
fbem-26879	112	12	dominant	dominant	ADJ
fbem-26879	112	13	force	force	NOUN
fbem-26879	112	14	.	.	PUNCT
fbem-26879	113	1	after	after	ADP
fbem-26879	113	2	the	the	DET
fbem-26879	113	3	merger	merger	NOUN
fbem-26879	113	4	,	,	PUNCT
fbem-26879	113	5	the	the	DET
fbem-26879	113	6	two	two	NUM
fbem-26879	113	7	companies	company	NOUN
fbem-26879	113	8	can	can	AUX
fbem-26879	113	9	integrate	integrate	VERB
fbem-26879	113	10	their	their	PRON
fbem-26879	113	11	strengths	strength	NOUN
fbem-26879	113	12	,	,	PUNCT
fbem-26879	113	13	occupy	occupy	VERB
fbem-26879	113	14	a	a	DET
fbem-26879	113	15	dominant	dominant	ADJ
fbem-26879	113	16	position	position	NOUN
fbem-26879	113	17	in	in	ADP
fbem-26879	113	18	the	the	DET
fbem-26879	113	19	market	market	NOUN
fbem-26879	113	20	,	,	PUNCT
fbem-26879	113	21	have	have	VERB
fbem-26879	113	22	greater	great	ADJ
fbem-26879	113	23	say	say	VERB
fbem-26879	113	24	in	in	ADP
fbem-26879	113	25	the	the	DET
fbem-26879	113	26	development	development	NOUN
fbem-26879	113	27	direction	direction	NOUN
fbem-26879	113	28	and	and	CCONJ
fbem-26879	113	29	industry	industry	NOUN
fbem-26879	113	30	rules	rule	NOUN
fbem-26879	113	31	of	of	ADP
fbem-26879	113	32	the	the	DET
fbem-26879	113	33	market	market	NOUN
fbem-26879	113	34	,	,	PUNCT
fbem-26879	113	35	and	and	CCONJ
fbem-26879	113	36	enhance	enhance	VERB
fbem-26879	113	37	their	their	PRON
fbem-26879	113	38	control	control	NOUN
fbem-26879	113	39	over	over	ADP
fbem-26879	113	40	the	the	DET
fbem-26879	113	41	market	market	NOUN
fbem-26879	113	42	.	.	PUNCT
fbem-26879	114	1	3.2	3.2	NUM
fbem-26879	114	2	.	.	PUNCT
fbem-26879	115	1	meituan	meituan	PROPN
fbem-26879	115	2	's	's	PART
fbem-26879	115	3	acquisition	acquisition	NOUN
fbem-26879	115	4	of	of	ADP
fbem-26879	115	5	qianbaobao	qianbaobao	ADJ
fbem-26879	115	6	3.2.1	3.2.1	NUM
fbem-26879	115	7	.	.	PUNCT
fbem-26879	116	1	overview	overview	NOUN
fbem-26879	116	2	of	of	ADP
fbem-26879	116	3	meituan	meituan	PROPN
fbem-26879	116	4	and	and	CCONJ
fbem-26879	116	5	qianbaobao	qianbaobao	PROPN
fbem-26879	116	6	enterprises	enterprise	NOUN
fbem-26879	116	7	(	(	PUNCT
fbem-26879	116	8	1	1	X
fbem-26879	116	9	)	)	PUNCT
fbem-26879	116	10	overview	overview	NOUN
fbem-26879	116	11	of	of	ADP
fbem-26879	116	12	the	the	DET
fbem-26879	116	13	acquirer	acquirer	NOUN
fbem-26879	116	14	meituan	meituan	NOUN
fbem-26879	116	15	after	after	ADP
fbem-26879	116	16	acquiring	acquire	VERB
fbem-26879	116	17	dianping	dianping	NOUN
fbem-26879	116	18	,	,	PUNCT
fbem-26879	116	19	meituan	meituan	PROPN
fbem-26879	116	20	expanded	expand	VERB
fbem-26879	116	21	its	its	PRON
fbem-26879	116	22	business	business	NOUN
fbem-26879	116	23	scope	scope	NOUN
fbem-26879	116	24	,	,	PUNCT
fbem-26879	116	25	increased	increase	VERB
fbem-26879	116	26	its	its	PRON
fbem-26879	116	27	market	market	NOUN
fbem-26879	116	28	share	share	NOUN
fbem-26879	116	29	,	,	PUNCT
fbem-26879	116	30	and	and	CCONJ
fbem-26879	116	31	enhanced	enhance	VERB
fbem-26879	116	32	its	its	PRON
fbem-26879	116	33	industry	industry	NOUN
fbem-26879	116	34	competitiveness	competitiveness	NOUN
fbem-26879	116	35	by	by	ADP
fbem-26879	116	36	leveraging	leverage	VERB
fbem-26879	116	37	dianping	dianping	NOUN
fbem-26879	116	38	's	's	PART
fbem-26879	116	39	data	data	NOUN
fbem-26879	116	40	resources	resource	NOUN
fbem-26879	116	41	.	.	PUNCT
fbem-26879	117	1	meituan	meituan	PROPN
fbem-26879	117	2	dianping	dianping	NOUN
fbem-26879	117	3	has	have	AUX
fbem-26879	117	4	achieved	achieve	VERB
fbem-26879	117	5	great	great	ADJ
fbem-26879	117	6	success	success	NOUN
fbem-26879	117	7	in	in	ADP
fbem-26879	117	8	the	the	DET
fbem-26879	117	9	business	business	NOUN
fbem-26879	117	10	field.meituan	field.meituan	PROPN
fbem-26879	117	11	's	's	PART
fbem-26879	117	12	revenue	revenue	NOUN
fbem-26879	117	13	has	have	AUX
fbem-26879	117	14	also	also	ADV
fbem-26879	117	15	seen	see	VERB
fbem-26879	117	16	a	a	DET
fbem-26879	117	17	significant	significant	ADJ
fbem-26879	117	18	increase	increase	NOUN
fbem-26879	117	19	.	.	PUNCT
fbem-26879	118	1	from	from	ADP
fbem-26879	118	2	this	this	PRON
fbem-26879	118	3	,	,	PUNCT
fbem-26879	118	4	it	it	PRON
fbem-26879	118	5	can	can	AUX
fbem-26879	118	6	be	be	AUX
fbem-26879	118	7	seen	see	VERB
fbem-26879	118	8	that	that	SCONJ
fbem-26879	118	9	after	after	ADP
fbem-26879	118	10	the	the	DET
fbem-26879	118	11	acquisition	acquisition	NOUN
fbem-26879	118	12	of	of	ADP
fbem-26879	118	13	dianping	dianping	NOUN
fbem-26879	118	14	,	,	PUNCT
fbem-26879	118	15	meituan	meituan	PROPN
fbem-26879	118	16	's	's	PART
fbem-26879	118	17	development	development	NOUN
fbem-26879	118	18	is	be	AUX
fbem-26879	118	19	unstoppable	unstoppable	ADJ
fbem-26879	118	20	.	.	PUNCT
fbem-26879	119	1	however	however	ADV
fbem-26879	119	2	,	,	PUNCT
fbem-26879	119	3	due	due	ADP
fbem-26879	119	4	to	to	ADP
fbem-26879	119	5	the	the	DET
fbem-26879	119	6	lack	lack	NOUN
fbem-26879	119	7	of	of	ADP
fbem-26879	119	8	a	a	DET
fbem-26879	119	9	legitimate	legitimate	ADJ
fbem-26879	119	10	payment	payment	NOUN
fbem-26879	119	11	license	license	NOUN
fbem-26879	119	12	,	,	PUNCT
fbem-26879	119	13	meituan	meituan	PROPN
fbem-26879	119	14	was	be	AUX
fbem-26879	119	15	reported	report	VERB
fbem-26879	119	16	for	for	ADP
fbem-26879	119	17	the	the	DET
fbem-26879	119	18	legality	legality	NOUN
fbem-26879	119	19	of	of	ADP
fbem-26879	119	20	its	its	PRON
fbem-26879	119	21	business	business	NOUN
fbem-26879	119	22	,	,	PUNCT
fbem-26879	119	23	and	and	CCONJ
fbem-26879	119	24	was	be	AUX
fbem-26879	119	25	forced	force	VERB
fbem-26879	119	26	to	to	PART
fbem-26879	119	27	go	go	VERB
fbem-26879	119	28	offline	offline	ADJ
fbem-26879	119	29	for	for	ADP
fbem-26879	119	30	rectification	rectification	NOUN
fbem-26879	119	31	.	.	PUNCT
fbem-26879	120	1	meituan	meituan	PROPN
fbem-26879	120	2	's	's	PART
fbem-26879	120	3	payment	payment	NOUN
fbem-26879	120	4	business	business	NOUN
fbem-26879	120	5	also	also	ADV
fbem-26879	120	6	ended	end	VERB
fbem-26879	120	7	without	without	ADP
fbem-26879	120	8	being	be	AUX
fbem-26879	120	9	reported	report	VERB
fbem-26879	120	10	.	.	PUNCT
fbem-26879	121	1	(	(	PUNCT
fbem-26879	121	2	2	2	X
fbem-26879	121	3	)	)	PUNCT
fbem-26879	121	4	overview	overview	NOUN
fbem-26879	121	5	of	of	ADP
fbem-26879	121	6	the	the	DET
fbem-26879	121	7	acquired	acquire	VERB
fbem-26879	121	8	party	party	NOUN
fbem-26879	121	9	qianbaobao	qianbaobao	PROPN
fbem-26879	121	10	qianbaobao	qianbaobao	PROPN
fbem-26879	121	11	was	be	AUX
fbem-26879	121	12	founded	found	VERB
fbem-26879	121	13	in	in	ADP
fbem-26879	121	14	november	november	PROPN
fbem-26879	121	15	2008	2008	NUM
fbem-26879	121	16	by	by	ADP
fbem-26879	121	17	sun	sun	PROPN
fbem-26879	121	18	jiangtao	jiangtao	PROPN
fbem-26879	121	19	.	.	PUNCT
fbem-26879	122	1	qianbaobao	qianbaobao	PROPN
fbem-26879	122	2	is	be	AUX
fbem-26879	122	3	a	a	DET
fbem-26879	122	4	high	high	ADJ
fbem-26879	122	5	-	-	PUNCT
fbem-26879	122	6	tech	tech	NOUN
fbem-26879	122	7	enterprise	enterprise	NOUN
fbem-26879	122	8	specializing	specialize	VERB
fbem-26879	122	9	in	in	ADP
fbem-26879	122	10	financial	financial	ADJ
fbem-26879	122	11	security	security	NOUN
fbem-26879	122	12	payment	payment	NOUN
fbem-26879	122	13	.	.	PUNCT
fbem-26879	123	1	it	it	PRON
fbem-26879	123	2	has	have	VERB
fbem-26879	123	3	a	a	DET
fbem-26879	123	4	professional	professional	ADJ
fbem-26879	123	5	digital	digital	ADJ
fbem-26879	123	6	product	product	NOUN
fbem-26879	123	7	distribution	distribution	NOUN
fbem-26879	123	8	platform	platform	NOUN
fbem-26879	123	9	,	,	PUNCT
fbem-26879	123	10	provides	provide	VERB
fbem-26879	123	11	payment	payment	NOUN
fbem-26879	123	12	and	and	CCONJ
fbem-26879	123	13	sales	sale	NOUN
fbem-26879	123	14	integrated	integrate	VERB
fbem-26879	123	15	e	e	NOUN
fbem-26879	123	16	-	-	NOUN
fbem-26879	123	17	commerce	commerce	NOUN
fbem-26879	123	18	solutions	solution	NOUN
fbem-26879	123	19	,	,	PUNCT
fbem-26879	123	20	and	and	CCONJ
fbem-26879	123	21	has	have	VERB
fbem-26879	123	22	close	close	ADJ
fbem-26879	123	23	cooperation	cooperation	NOUN
fbem-26879	123	24	250	250	NUM
fbem-26879	123	25	with	with	ADP
fbem-26879	123	26	many	many	ADJ
fbem-26879	123	27	large	large	ADJ
fbem-26879	123	28	internet	internet	NOUN
fbem-26879	123	29	companies	company	NOUN
fbem-26879	123	30	.	.	PUNCT
fbem-26879	124	1	qianbaobao	qianbaobao	PROPN
fbem-26879	124	2	obtained	obtain	VERB
fbem-26879	124	3	a	a	DET
fbem-26879	124	4	payment	payment	NOUN
fbem-26879	124	5	license	license	NOUN
fbem-26879	124	6	issued	issue	VERB
fbem-26879	124	7	by	by	ADP
fbem-26879	124	8	the	the	DET
fbem-26879	124	9	central	central	ADJ
fbem-26879	124	10	bank	bank	NOUN
fbem-26879	124	11	in	in	ADP
fbem-26879	124	12	2011	2011	NUM
fbem-26879	124	13	,	,	PUNCT
fbem-26879	124	14	and	and	CCONJ
fbem-26879	124	15	at	at	ADP
fbem-26879	124	16	that	that	DET
fbem-26879	124	17	time	time	NOUN
fbem-26879	124	18	,	,	PUNCT
fbem-26879	124	19	there	there	PRON
fbem-26879	124	20	were	be	VERB
fbem-26879	124	21	only	only	ADV
fbem-26879	124	22	a	a	DET
fbem-26879	124	23	few	few	ADJ
fbem-26879	124	24	payment	payment	NOUN
fbem-26879	124	25	companies	company	NOUN
fbem-26879	124	26	with	with	ADP
fbem-26879	124	27	full	full	ADJ
fbem-26879	124	28	licenses	license	NOUN
fbem-26879	124	29	,	,	PUNCT
fbem-26879	124	30	and	and	CCONJ
fbem-26879	124	31	qianbaobao	qianbaobao	PROPN
fbem-26879	124	32	was	be	AUX
fbem-26879	124	33	one	one	NUM
fbem-26879	124	34	of	of	ADP
fbem-26879	124	35	them	they	PRON
fbem-26879	124	36	.	.	PUNCT
fbem-26879	125	1	qianbaobao	qianbaobao	PROPN
fbem-26879	125	2	focuses	focus	VERB
fbem-26879	125	3	on	on	ADP
fbem-26879	125	4	the	the	DET
fbem-26879	125	5	payment	payment	NOUN
fbem-26879	125	6	industry	industry	NOUN
fbem-26879	125	7	and	and	CCONJ
fbem-26879	125	8	has	have	VERB
fbem-26879	125	9	clear	clear	ADJ
fbem-26879	125	10	corporate	corporate	ADJ
fbem-26879	125	11	finances	finance	NOUN
fbem-26879	125	12	,	,	PUNCT
fbem-26879	125	13	which	which	PRON
fbem-26879	125	14	is	be	AUX
fbem-26879	125	15	also	also	ADV
fbem-26879	125	16	an	an	DET
fbem-26879	125	17	important	important	ADJ
fbem-26879	125	18	reason	reason	NOUN
fbem-26879	125	19	why	why	SCONJ
fbem-26879	125	20	meituan	meituan	PROPN
fbem-26879	125	21	dianping	dianping	NOUN
fbem-26879	125	22	chose	choose	VERB
fbem-26879	125	23	to	to	PART
fbem-26879	125	24	acquire	acquire	VERB
fbem-26879	125	25	qianbaobao	qianbaobao	PROPN
fbem-26879	125	26	.	.	PUNCT
fbem-26879	126	1	qianbaobao	qianbaobao	PROPN
fbem-26879	126	2	obtained	obtain	VERB
fbem-26879	126	3	two	two	NUM
fbem-26879	126	4	rounds	round	NOUN
fbem-26879	126	5	of	of	ADP
fbem-26879	126	6	financing	financing	NOUN
fbem-26879	126	7	before	before	ADP
fbem-26879	126	8	accepting	accept	VERB
fbem-26879	126	9	the	the	DET
fbem-26879	126	10	acquisition	acquisition	NOUN
fbem-26879	126	11	by	by	ADP
fbem-26879	126	12	meituan	meituan	NOUN
fbem-26879	126	13	dianping	dianping	NOUN
fbem-26879	126	14	.	.	PUNCT
fbem-26879	127	1	3.2.2	3.2.2	X
fbem-26879	127	2	.	.	PUNCT
fbem-26879	128	1	the	the	DET
fbem-26879	128	2	process	process	NOUN
fbem-26879	128	3	of	of	ADP
fbem-26879	128	4	meituan	meituan	PROPN
fbem-26879	128	5	's	's	PART
fbem-26879	128	6	acquisition	acquisition	NOUN
fbem-26879	128	7	of	of	ADP
fbem-26879	128	8	qianbaobao	qianbaobao	PROPN
fbem-26879	128	9	on	on	ADP
fbem-26879	128	10	september	september	PROPN
fbem-26879	128	11	26	26	NUM
fbem-26879	128	12	,	,	PUNCT
fbem-26879	128	13	2016	2016	NUM
fbem-26879	128	14	,	,	PUNCT
fbem-26879	128	15	meituan	meituan	PROPN
fbem-26879	128	16	fully	fully	ADV
fbem-26879	128	17	acquired	acquire	VERB
fbem-26879	128	18	qianbaobao	qianbaobao	ADJ
fbem-26879	128	19	for	for	ADP
fbem-26879	128	20	billions	billion	NOUN
fbem-26879	128	21	of	of	ADP
fbem-26879	128	22	yuan	yuan	NOUN
fbem-26879	128	23	and	and	CCONJ
fbem-26879	128	24	a	a	DET
fbem-26879	128	25	performance	performance	NOUN
fbem-26879	128	26	betting	betting	NOUN
fbem-26879	128	27	agreement	agreement	NOUN
fbem-26879	128	28	.	.	PUNCT
fbem-26879	129	1	after	after	SCONJ
fbem-26879	129	2	the	the	DET
fbem-26879	129	3	merger	merger	NOUN
fbem-26879	129	4	and	and	CCONJ
fbem-26879	129	5	acquisition	acquisition	NOUN
fbem-26879	129	6	was	be	AUX
fbem-26879	129	7	completed	complete	VERB
fbem-26879	129	8	,	,	PUNCT
fbem-26879	129	9	sun	sun	PROPN
fbem-26879	129	10	jiangtao	jiangtao	PROPN
fbem-26879	129	11	voluntarily	voluntarily	ADV
fbem-26879	129	12	withdrew	withdraw	VERB
fbem-26879	129	13	and	and	CCONJ
fbem-26879	129	14	transferred	transfer	VERB
fbem-26879	129	15	to	to	ADP
fbem-26879	129	16	emerging	emerge	VERB
fbem-26879	129	17	industries	industry	NOUN
fbem-26879	129	18	such	such	ADJ
fbem-26879	129	19	as	as	ADP
fbem-26879	129	20	blockchain	blockchain	PROPN
fbem-26879	129	21	.	.	PUNCT
fbem-26879	130	1	qianbaobao	qianbaobao	PROPN
fbem-26879	130	2	is	be	AUX
fbem-26879	130	3	wholly	wholly	ADV
fbem-26879	130	4	owned	own	VERB
fbem-26879	130	5	by	by	ADP
fbem-26879	130	6	beijing	beijing	PROPN
fbem-26879	130	7	guotongbao	guotongbao	PROPN
fbem-26879	130	8	co.	co.	PROPN
fbem-26879	130	9	,	,	PUNCT
fbem-26879	130	10	ltd	ltd	PROPN
fbem-26879	130	11	.	.	PROPN
fbem-26879	130	12	,	,	PUNCT
fbem-26879	130	13	and	and	CCONJ
fbem-26879	130	14	the	the	DET
fbem-26879	130	15	actual	actual	ADJ
fbem-26879	130	16	controller	controller	NOUN
fbem-26879	130	17	is	be	AUX
fbem-26879	130	18	wang	wang	PROPN
fbem-26879	130	19	xing	xing	PROPN
fbem-26879	130	20	,	,	PUNCT
fbem-26879	130	21	the	the	DET
fbem-26879	130	22	chairman	chairman	NOUN
fbem-26879	130	23	of	of	ADP
fbem-26879	130	24	meituan	meituan	PROPN
fbem-26879	130	25	.	.	PUNCT
fbem-26879	131	1	after	after	ADP
fbem-26879	131	2	the	the	DET
fbem-26879	131	3	merger	merger	NOUN
fbem-26879	131	4	,	,	PUNCT
fbem-26879	131	5	there	there	PRON
fbem-26879	131	6	was	be	VERB
fbem-26879	131	7	no	no	DET
fbem-26879	131	8	significant	significant	ADJ
fbem-26879	131	9	change	change	NOUN
fbem-26879	131	10	in	in	ADP
fbem-26879	131	11	the	the	DET
fbem-26879	131	12	management	management	NOUN
fbem-26879	131	13	of	of	ADP
fbem-26879	131	14	qianbaobao	qianbaobao	PROPN
fbem-26879	131	15	,	,	PUNCT
fbem-26879	131	16	a	a	DET
fbem-26879	131	17	subsidiary	subsidiary	NOUN
fbem-26879	131	18	of	of	ADP
fbem-26879	131	19	meituan	meituan	PROPN
fbem-26879	131	20	group	group	PROPN
fbem-26879	131	21	,	,	PUNCT
fbem-26879	131	22	until	until	ADP
fbem-26879	131	23	2022	2022	NUM
fbem-26879	131	24	when	when	SCONJ
fbem-26879	131	25	meituan	meituan	PROPN
fbem-26879	131	26	's	's	PART
fbem-26879	131	27	business	business	NOUN
fbem-26879	131	28	needs	need	NOUN
fbem-26879	131	29	arose	arise	VERB
fbem-26879	131	30	and	and	CCONJ
fbem-26879	131	31	qianbaobao	qianbaobao	PROPN
fbem-26879	131	32	was	be	AUX
fbem-26879	131	33	frequently	frequently	ADV
fbem-26879	131	34	subject	subject	ADJ
fbem-26879	131	35	to	to	ADP
fbem-26879	131	36	administrative	administrative	ADJ
fbem-26879	131	37	penalties	penalty	NOUN
fbem-26879	131	38	by	by	ADP
fbem-26879	131	39	the	the	DET
fbem-26879	131	40	people	people	NOUN
fbem-26879	131	41	's	's	PART
fbem-26879	131	42	bank	bank	PROPN
fbem-26879	131	43	of	of	ADP
fbem-26879	131	44	china	china	PROPN
fbem-26879	131	45	's	's	PART
fbem-26879	131	46	business	business	PROPN
fbem-26879	131	47	management	management	PROPN
fbem-26879	131	48	department	department	NOUN
fbem-26879	131	49	due	due	ADP
fbem-26879	131	50	to	to	ADP
fbem-26879	131	51	professional	professional	ADJ
fbem-26879	131	52	issues	issue	NOUN
fbem-26879	131	53	.	.	PUNCT
fbem-26879	132	1	the	the	DET
fbem-26879	132	2	legal	legal	ADJ
fbem-26879	132	3	representative	representative	NOUN
fbem-26879	132	4	changed	change	VERB
fbem-26879	132	5	,	,	PUNCT
fbem-26879	132	6	with	with	ADP
fbem-26879	132	7	baota	baota	NOUN
fbem-26879	132	8	becoming	become	VERB
fbem-26879	132	9	the	the	DET
fbem-26879	132	10	new	new	ADJ
fbem-26879	132	11	legal	legal	ADJ
fbem-26879	132	12	representative	representative	NOUN
fbem-26879	132	13	and	and	CCONJ
fbem-26879	132	14	mu	mu	NOUN
fbem-26879	132	15	rongjun	rongjun	PROPN
fbem-26879	132	16	stepping	step	VERB
fbem-26879	132	17	down	down	ADP
fbem-26879	132	18	as	as	ADP
fbem-26879	132	19	chairman	chairman	NOUN
fbem-26879	132	20	.	.	PUNCT
fbem-26879	133	1	3.2.3	3.2.3	X
fbem-26879	133	2	.	.	PUNCT
fbem-26879	133	3	motivation	motivation	NOUN
fbem-26879	133	4	analysis	analysis	NOUN
fbem-26879	133	5	of	of	ADP
fbem-26879	133	6	meituan	meituan	PROPN
fbem-26879	133	7	's	's	PART
fbem-26879	133	8	acquisition	acquisition	NOUN
fbem-26879	133	9	of	of	ADP
fbem-26879	133	10	dianping	dianping	NOUN
fbem-26879	133	11	(	(	PUNCT
fbem-26879	133	12	1	1	X
fbem-26879	133	13	)	)	PUNCT
fbem-26879	133	14	avoid	avoid	VERB
fbem-26879	133	15	entry	entry	NOUN
fbem-26879	133	16	barriers	barrier	NOUN
fbem-26879	133	17	,	,	PUNCT
fbem-26879	133	18	quickly	quickly	ADV
fbem-26879	133	19	enter	enter	VERB
fbem-26879	133	20	,	,	PUNCT
fbem-26879	133	21	and	and	CCONJ
fbem-26879	133	22	strive	strive	VERB
fbem-26879	133	23	for	for	ADP
fbem-26879	133	24	market	market	NOUN
fbem-26879	133	25	opportunities	opportunity	NOUN
fbem-26879	133	26	for	for	ADP
fbem-26879	133	27	meituan	meituan	PROPN
fbem-26879	133	28	,	,	PUNCT
fbem-26879	133	29	the	the	DET
fbem-26879	133	30	entry	entry	NOUN
fbem-26879	133	31	barriers	barrier	NOUN
fbem-26879	133	32	to	to	ADP
fbem-26879	133	33	payment	payment	NOUN
fbem-26879	133	34	services	service	NOUN
fbem-26879	133	35	are	be	AUX
fbem-26879	133	36	mainly	mainly	ADV
fbem-26879	133	37	structural	structural	ADJ
fbem-26879	133	38	obstacles	obstacle	NOUN
fbem-26879	133	39	.	.	PUNCT
fbem-26879	134	1	porter	porter	PROPN
fbem-26879	134	2	pointed	point	VERB
fbem-26879	134	3	out	out	ADP
fbem-26879	134	4	that	that	SCONJ
fbem-26879	134	5	there	there	PRON
fbem-26879	134	6	are	be	VERB
fbem-26879	134	7	seven	seven	NUM
fbem-26879	134	8	main	main	ADJ
fbem-26879	134	9	barriers	barrier	NOUN
fbem-26879	134	10	to	to	ADP
fbem-26879	134	11	entry	entry	NOUN
fbem-26879	134	12	,	,	PUNCT
fbem-26879	134	13	among	among	ADP
fbem-26879	134	14	which	which	PRON
fbem-26879	134	15	government	government	NOUN
fbem-26879	134	16	policies	policy	NOUN
fbem-26879	134	17	,	,	PUNCT
fbem-26879	134	18	regulations	regulation	NOUN
fbem-26879	134	19	,	,	PUNCT
fbem-26879	134	20	and	and	CCONJ
fbem-26879	134	21	laws	law	NOUN
fbem-26879	134	22	can	can	AUX
fbem-26879	134	23	restrict	restrict	VERB
fbem-26879	134	24	new	new	ADJ
fbem-26879	134	25	entrants	entrant	NOUN
fbem-26879	134	26	or	or	CCONJ
fbem-26879	134	27	eliminate	eliminate	VERB
fbem-26879	134	28	some	some	DET
fbem-26879	134	29	unqualified	unqualified	ADJ
fbem-26879	134	30	ones	one	NOUN
fbem-26879	134	31	in	in	ADP
fbem-26879	134	32	certain	certain	ADJ
fbem-26879	134	33	industries	industry	NOUN
fbem-26879	134	34	.	.	PUNCT
fbem-26879	135	1	according	accord	VERB
fbem-26879	135	2	to	to	ADP
fbem-26879	135	3	the	the	DET
fbem-26879	135	4	background	background	NOUN
fbem-26879	135	5	introduction	introduction	NOUN
fbem-26879	135	6	of	of	ADP
fbem-26879	135	7	meituan	meituan	PROPN
fbem-26879	135	8	dianping	dianping	PROPN
fbem-26879	135	9	,	,	PUNCT
fbem-26879	135	10	meituan	meituan	PROPN
fbem-26879	135	11	already	already	ADV
fbem-26879	135	12	has	have	VERB
fbem-26879	135	13	its	its	PRON
fbem-26879	135	14	own	own	ADJ
fbem-26879	135	15	payment	payment	NOUN
fbem-26879	135	16	license	license	NOUN
fbem-26879	135	17	,	,	PUNCT
fbem-26879	135	18	which	which	PRON
fbem-26879	135	19	means	mean	VERB
fbem-26879	135	20	the	the	DET
fbem-26879	135	21	main	main	ADJ
fbem-26879	135	22	reason	reason	NOUN
fbem-26879	135	23	is	be	AUX
fbem-26879	135	24	government	government	NOUN
fbem-26879	135	25	policies	policy	NOUN
fbem-26879	135	26	.	.	PUNCT
fbem-26879	136	1	due	due	ADP
fbem-26879	136	2	to	to	ADP
fbem-26879	136	3	the	the	DET
fbem-26879	136	4	lack	lack	NOUN
fbem-26879	136	5	of	of	ADP
fbem-26879	136	6	legal	legal	ADJ
fbem-26879	136	7	payment	payment	NOUN
fbem-26879	136	8	licenses	license	NOUN
fbem-26879	136	9	,	,	PUNCT
fbem-26879	136	10	meituan	meituan	PROPN
fbem-26879	136	11	's	's	PART
fbem-26879	136	12	payment	payment	NOUN
fbem-26879	136	13	business	business	NOUN
fbem-26879	136	14	has	have	AUX
fbem-26879	136	15	been	be	AUX
fbem-26879	136	16	frequently	frequently	ADV
fbem-26879	136	17	hindered	hinder	VERB
fbem-26879	136	18	.	.	PUNCT
fbem-26879	137	1	the	the	DET
fbem-26879	137	2	acquired	acquire	VERB
fbem-26879	137	3	company	company	NOUN
fbem-26879	137	4	qianbaobao	qianbaobao	PROPN
fbem-26879	137	5	obtained	obtain	VERB
fbem-26879	137	6	a	a	DET
fbem-26879	137	7	payment	payment	NOUN
fbem-26879	137	8	license	license	NOUN
fbem-26879	137	9	issued	issue	VERB
fbem-26879	137	10	by	by	ADP
fbem-26879	137	11	the	the	DET
fbem-26879	137	12	central	central	ADJ
fbem-26879	137	13	bank	bank	NOUN
fbem-26879	137	14	in	in	ADP
fbem-26879	137	15	2011	2011	NUM
fbem-26879	137	16	,	,	PUNCT
fbem-26879	137	17	and	and	CCONJ
fbem-26879	137	18	at	at	ADP
fbem-26879	137	19	that	that	DET
fbem-26879	137	20	time	time	NOUN
fbem-26879	137	21	,	,	PUNCT
fbem-26879	137	22	there	there	PRON
fbem-26879	137	23	were	be	VERB
fbem-26879	137	24	only	only	ADV
fbem-26879	137	25	a	a	DET
fbem-26879	137	26	few	few	ADJ
fbem-26879	137	27	payment	payment	NOUN
fbem-26879	137	28	companies	company	NOUN
fbem-26879	137	29	with	with	ADP
fbem-26879	137	30	full	full	ADJ
fbem-26879	137	31	licenses	license	NOUN
fbem-26879	137	32	.	.	PUNCT
fbem-26879	138	1	acquiring	acquire	VERB
fbem-26879	138	2	qianbaobao	qianbaobao	PROPN
fbem-26879	138	3	can	can	AUX
fbem-26879	138	4	help	help	VERB
fbem-26879	138	5	meituan	meituan	NOUN
fbem-26879	138	6	dianping	dianping	NOUN
fbem-26879	138	7	avoid	avoid	VERB
fbem-26879	138	8	barriers	barrier	NOUN
fbem-26879	138	9	to	to	ADP
fbem-26879	138	10	entering	enter	VERB
fbem-26879	138	11	the	the	DET
fbem-26879	138	12	payment	payment	NOUN
fbem-26879	138	13	business	business	NOUN
fbem-26879	138	14	.	.	PUNCT
fbem-26879	139	1	enhance	enhance	VERB
fbem-26879	139	2	competitiveness	competitiveness	NOUN
fbem-26879	139	3	and	and	CCONJ
fbem-26879	139	4	control	control	NOUN
fbem-26879	139	5	over	over	ADP
fbem-26879	139	6	the	the	DET
fbem-26879	139	7	market	market	NOUN
fbem-26879	139	8	the	the	DET
fbem-26879	139	9	suspension	suspension	NOUN
fbem-26879	139	10	of	of	ADP
fbem-26879	139	11	payment	payment	NOUN
fbem-26879	139	12	services	service	NOUN
fbem-26879	139	13	by	by	ADP
fbem-26879	139	14	the	the	DET
fbem-26879	139	15	central	central	ADJ
fbem-26879	139	16	bank	bank	NOUN
fbem-26879	139	17	has	have	AUX
fbem-26879	139	18	greatly	greatly	ADV
fbem-26879	139	19	impacted	impact	VERB
fbem-26879	139	20	meituan	meituan	PROPN
fbem-26879	139	21	's	's	PART
fbem-26879	139	22	market	market	NOUN
fbem-26879	139	23	competitiveness	competitiveness	NOUN
fbem-26879	139	24	.	.	PUNCT
fbem-26879	140	1	due	due	ADP
fbem-26879	140	2	to	to	ADP
fbem-26879	140	3	the	the	DET
fbem-26879	140	4	serious	serious	ADJ
fbem-26879	140	5	homogenization	homogenization	NOUN
fbem-26879	140	6	of	of	ADP
fbem-26879	140	7	products	product	NOUN
fbem-26879	140	8	in	in	ADP
fbem-26879	140	9	the	the	DET
fbem-26879	140	10	group	group	NOUN
fbem-26879	140	11	buying	buying	NOUN
fbem-26879	140	12	market	market	NOUN
fbem-26879	140	13	,	,	PUNCT
fbem-26879	140	14	when	when	SCONJ
fbem-26879	140	15	there	there	PRON
fbem-26879	140	16	is	be	VERB
fbem-26879	140	17	no	no	DET
fbem-26879	140	18	significant	significant	ADJ
fbem-26879	140	19	difference	difference	NOUN
fbem-26879	140	20	in	in	ADP
fbem-26879	140	21	the	the	DET
fbem-26879	140	22	products	product	NOUN
fbem-26879	140	23	and	and	CCONJ
fbem-26879	140	24	services	service	NOUN
fbem-26879	140	25	provided	provide	VERB
fbem-26879	140	26	,	,	PUNCT
fbem-26879	140	27	the	the	DET
fbem-26879	140	28	convenience	convenience	NOUN
fbem-26879	140	29	of	of	ADP
fbem-26879	140	30	payment	payment	NOUN
fbem-26879	140	31	will	will	AUX
fbem-26879	140	32	become	become	VERB
fbem-26879	140	33	a	a	DET
fbem-26879	140	34	major	major	ADJ
fbem-26879	140	35	advantage	advantage	NOUN
fbem-26879	140	36	for	for	ADP
fbem-26879	140	37	the	the	DET
fbem-26879	140	38	enterprise	enterprise	NOUN
fbem-26879	140	39	,	,	PUNCT
fbem-26879	140	40	and	and	CCONJ
fbem-26879	140	41	consumers	consumer	NOUN
fbem-26879	140	42	will	will	AUX
fbem-26879	140	43	also	also	ADV
fbem-26879	140	44	choose	choose	VERB
fbem-26879	140	45	products	product	NOUN
fbem-26879	140	46	that	that	PRON
fbem-26879	140	47	are	be	AUX
fbem-26879	140	48	advantageous	advantageous	ADJ
fbem-26879	140	49	to	to	ADP
fbem-26879	140	50	themselves	themselves	PRON
fbem-26879	140	51	among	among	ADP
fbem-26879	140	52	the	the	DET
fbem-26879	140	53	same	same	ADJ
fbem-26879	140	54	products	product	NOUN
fbem-26879	140	55	.	.	PUNCT
fbem-26879	141	1	therefore	therefore	ADV
fbem-26879	141	2	,	,	PUNCT
fbem-26879	141	3	for	for	ADP
fbem-26879	141	4	meituan	meituan	PROPN
fbem-26879	141	5	,	,	PUNCT
fbem-26879	141	6	acquiring	acquire	VERB
fbem-26879	141	7	a	a	DET
fbem-26879	141	8	company	company	NOUN
fbem-26879	141	9	like	like	ADP
fbem-26879	141	10	qianbaobao	qianbaobao	PROPN
fbem-26879	141	11	that	that	PRON
fbem-26879	141	12	has	have	VERB
fbem-26879	141	13	a	a	DET
fbem-26879	141	14	payment	payment	NOUN
fbem-26879	141	15	license	license	NOUN
fbem-26879	141	16	and	and	CCONJ
fbem-26879	141	17	transforming	transform	VERB
fbem-26879	141	18	it	it	PRON
fbem-26879	141	19	into	into	ADP
fbem-26879	141	20	its	its	PRON
fbem-26879	141	21	own	own	ADJ
fbem-26879	141	22	unique	unique	ADJ
fbem-26879	141	23	corporate	corporate	ADJ
fbem-26879	141	24	advantage	advantage	NOUN
fbem-26879	141	25	,	,	PUNCT
fbem-26879	141	26	enhancing	enhance	VERB
fbem-26879	141	27	competitiveness	competitiveness	NOUN
fbem-26879	141	28	and	and	CCONJ
fbem-26879	141	29	control	control	NOUN
fbem-26879	141	30	over	over	ADP
fbem-26879	141	31	the	the	DET
fbem-26879	141	32	group	group	NOUN
fbem-26879	141	33	buying	buying	NOUN
fbem-26879	141	34	market	market	NOUN
fbem-26879	141	35	has	have	AUX
fbem-26879	141	36	become	become	VERB
fbem-26879	141	37	a	a	DET
fbem-26879	141	38	certainty	certainty	NOUN
fbem-26879	141	39	.	.	PUNCT
fbem-26879	142	1	3.3	3.3	NUM
fbem-26879	142	2	.	.	PUNCT
fbem-26879	143	1	meituan	meituan	PROPN
fbem-26879	143	2	's	's	PART
fbem-26879	143	3	acquisition	acquisition	NOUN
fbem-26879	143	4	of	of	ADP
fbem-26879	143	5	mobike	mobike	ADJ
fbem-26879	143	6	3.3.1	3.3.1	NUM
fbem-26879	143	7	.	.	PUNCT
fbem-26879	143	8	overview	overview	NOUN
fbem-26879	143	9	of	of	ADP
fbem-26879	143	10	meituan	meituan	NOUN
fbem-26879	143	11	and	and	CCONJ
fbem-26879	143	12	mobike	mobike	ADJ
fbem-26879	143	13	enterprises	enterprise	NOUN
fbem-26879	143	14	(	(	PUNCT
fbem-26879	143	15	1	1	X
fbem-26879	143	16	)	)	PUNCT
fbem-26879	143	17	overview	overview	NOUN
fbem-26879	143	18	of	of	ADP
fbem-26879	143	19	the	the	DET
fbem-26879	143	20	acquirer	acquirer	NOUN
fbem-26879	143	21	meituan	meituan	PROPN
fbem-26879	143	22	meituan	meituan	PROPN
fbem-26879	143	23	dianping	dianping	PROPN
fbem-26879	143	24	has	have	AUX
fbem-26879	143	25	improved	improve	VERB
fbem-26879	143	26	its	its	PRON
fbem-26879	143	27	performance	performance	NOUN
fbem-26879	143	28	and	and	CCONJ
fbem-26879	143	29	market	market	NOUN
fbem-26879	143	30	share	share	NOUN
fbem-26879	143	31	after	after	ADP
fbem-26879	143	32	acquiring	acquire	VERB
fbem-26879	143	33	qianbaobao	qianbaobao	ADJ
fbem-26879	143	34	in	in	ADP
fbem-26879	143	35	2016	2016	NUM
fbem-26879	143	36	.	.	PUNCT
fbem-26879	144	1	in	in	ADP
fbem-26879	144	2	terms	term	NOUN
fbem-26879	144	3	of	of	ADP
fbem-26879	144	4	performance	performance	NOUN
fbem-26879	144	5	,	,	PUNCT
fbem-26879	144	6	meituan	meituan	NOUN
fbem-26879	144	7	dianping	dianping	NOUN
fbem-26879	144	8	's	's	PART
fbem-26879	144	9	transaction	transaction	NOUN
fbem-26879	144	10	amount	amount	NOUN
fbem-26879	144	11	has	have	AUX
fbem-26879	144	12	grown	grow	VERB
fbem-26879	144	13	rapidly	rapidly	ADV
fbem-26879	144	14	,	,	PUNCT
fbem-26879	144	15	reaching	reach	VERB
fbem-26879	144	16	357	357	NUM
fbem-26879	144	17	billion	billion	NUM
fbem-26879	144	18	yuan	yuan	NOUN
fbem-26879	144	19	in	in	ADP
fbem-26879	144	20	2017	2017	NUM
fbem-26879	144	21	.	.	PUNCT
fbem-26879	145	1	however	however	ADV
fbem-26879	145	2	,	,	PUNCT
fbem-26879	145	3	meituan	meituan	PROPN
fbem-26879	145	4	's	's	PART
fbem-26879	145	5	self	self	NOUN
fbem-26879	145	6	built	build	VERB
fbem-26879	145	7	delivery	delivery	NOUN
fbem-26879	145	8	system	system	NOUN
fbem-26879	145	9	faced	face	VERB
fbem-26879	145	10	huge	huge	ADJ
fbem-26879	145	11	challenges	challenge	NOUN
fbem-26879	145	12	in	in	ADP
fbem-26879	145	13	the	the	DET
fbem-26879	145	14	early	early	ADJ
fbem-26879	145	15	stages	stage	NOUN
fbem-26879	145	16	.	.	PUNCT
fbem-26879	146	1	due	due	ADP
fbem-26879	146	2	to	to	ADP
fbem-26879	146	3	the	the	DET
fbem-26879	146	4	complex	complex	ADJ
fbem-26879	146	5	and	and	CCONJ
fbem-26879	146	6	costly	costly	ADJ
fbem-26879	146	7	process	process	NOUN
fbem-26879	146	8	of	of	ADP
fbem-26879	146	9	recruiting	recruit	VERB
fbem-26879	146	10	"	"	PUNCT
fbem-26879	146	11	specialized	specialized	ADJ
fbem-26879	146	12	delivery	delivery	NOUN
fbem-26879	146	13	"	"	PUNCT
fbem-26879	146	14	and	and	CCONJ
fbem-26879	146	15	integrating	integrate	VERB
fbem-26879	146	16	"	"	PUNCT
fbem-26879	146	17	crowdsourcing	crowdsourcing	NOUN
fbem-26879	146	18	"	"	PUNCT
fbem-26879	146	19	during	during	ADP
fbem-26879	146	20	the	the	DET
fbem-26879	146	21	delivery	delivery	NOUN
fbem-26879	146	22	process	process	NOUN
fbem-26879	146	23	,	,	PUNCT
fbem-26879	146	24	it	it	PRON
fbem-26879	146	25	also	also	ADV
fbem-26879	146	26	had	have	VERB
fbem-26879	146	27	a	a	DET
fbem-26879	146	28	huge	huge	ADJ
fbem-26879	146	29	impact	impact	NOUN
fbem-26879	146	30	on	on	ADP
fbem-26879	146	31	meituan	meituan	PROPN
fbem-26879	146	32	's	's	PART
fbem-26879	146	33	financial	financial	ADJ
fbem-26879	146	34	situation	situation	NOUN
fbem-26879	146	35	.	.	PUNCT
fbem-26879	147	1	in	in	ADP
fbem-26879	147	2	2017	2017	NUM
fbem-26879	147	3	,	,	PUNCT
fbem-26879	147	4	the	the	DET
fbem-26879	147	5	local	local	ADJ
fbem-26879	147	6	life	life	NOUN
fbem-26879	147	7	service	service	NOUN
fbem-26879	147	8	market	market	NOUN
fbem-26879	147	9	was	be	AUX
fbem-26879	147	10	fiercely	fiercely	ADV
fbem-26879	147	11	competitive	competitive	ADJ
fbem-26879	147	12	,	,	PUNCT
fbem-26879	147	13	and	and	CCONJ
fbem-26879	147	14	meituan	meituan	NOUN
fbem-26879	147	15	faced	face	VERB
fbem-26879	147	16	challenges	challenge	NOUN
fbem-26879	147	17	from	from	ADP
fbem-26879	147	18	other	other	ADJ
fbem-26879	147	19	competitors	competitor	NOUN
fbem-26879	147	20	.	.	PUNCT
fbem-26879	148	1	the	the	DET
fbem-26879	148	2	existence	existence	NOUN
fbem-26879	148	3	of	of	ADP
fbem-26879	148	4	competitors	competitor	NOUN
fbem-26879	148	5	may	may	AUX
fbem-26879	148	6	require	require	VERB
fbem-26879	148	7	meituan	meituan	PROPN
fbem-26879	148	8	to	to	PART
fbem-26879	148	9	continue	continue	VERB
fbem-26879	148	10	investing	invest	VERB
fbem-26879	148	11	funds	fund	NOUN
fbem-26879	148	12	to	to	PART
fbem-26879	148	13	maintain	maintain	VERB
fbem-26879	148	14	its	its	PRON
fbem-26879	148	15	market	market	NOUN
fbem-26879	148	16	position	position	NOUN
fbem-26879	148	17	,	,	PUNCT
fbem-26879	148	18	thereby	thereby	ADV
fbem-26879	148	19	affecting	affect	VERB
fbem-26879	148	20	its	its	PRON
fbem-26879	148	21	profitability	profitability	NOUN
fbem-26879	148	22	.	.	PUNCT
fbem-26879	149	1	(	(	PUNCT
fbem-26879	149	2	2	2	X
fbem-26879	149	3	)	)	PUNCT
fbem-26879	149	4	overview	overview	NOUN
fbem-26879	149	5	of	of	ADP
fbem-26879	149	6	the	the	DET
fbem-26879	149	7	acquired	acquire	VERB
fbem-26879	149	8	company	company	NOUN
fbem-26879	149	9	mobike	mobike	NOUN
fbem-26879	149	10	mobike	mobike	NOUN
fbem-26879	149	11	was	be	AUX
fbem-26879	149	12	founded	found	VERB
fbem-26879	149	13	in	in	ADP
fbem-26879	149	14	january	january	PROPN
fbem-26879	149	15	2015	2015	NUM
fbem-26879	149	16	by	by	ADP
fbem-26879	149	17	hu	hu	PROPN
fbem-26879	149	18	weiwei	weiwei	PROPN
fbem-26879	149	19	.	.	PUNCT
fbem-26879	150	1	mobike	mobike	PROPN
fbem-26879	150	2	is	be	AUX
fbem-26879	150	3	an	an	DET
fbem-26879	150	4	internet	internet	NOUN
fbem-26879	150	5	short	short	ADJ
fbem-26879	150	6	distance	distance	NOUN
fbem-26879	150	7	travel	travel	NOUN
fbem-26879	150	8	solution	solution	NOUN
fbem-26879	150	9	developed	develop	VERB
fbem-26879	150	10	by	by	ADP
fbem-26879	150	11	beijing	beijing	PROPN
fbem-26879	150	12	mobike	mobike	PROPN
fbem-26879	150	13	technology	technology	PROPN
fbem-26879	150	14	co.	co.	PROPN
fbem-26879	150	15	,	,	PUNCT
fbem-26879	150	16	ltd	ltd	PROPN
fbem-26879	150	17	.	.	PUNCT
fbem-26879	151	1	it	it	PRON
fbem-26879	151	2	is	be	AUX
fbem-26879	151	3	an	an	DET
fbem-26879	151	4	intelligent	intelligent	ADJ
fbem-26879	151	5	hardware	hardware	NOUN
fbem-26879	151	6	of	of	ADP
fbem-26879	151	7	the	the	DET
fbem-26879	151	8	car	car	NOUN
fbem-26879	151	9	borrowing	borrowing	NOUN
fbem-26879	151	10	and	and	CCONJ
fbem-26879	151	11	returning	return	VERB
fbem-26879	151	12	mode	mode	NOUN
fbem-26879	151	13	without	without	ADP
fbem-26879	151	14	piles	pile	NOUN
fbem-26879	151	15	.	.	PUNCT
fbem-26879	152	1	people	people	NOUN
fbem-26879	152	2	rent	rent	VERB
fbem-26879	152	3	and	and	CCONJ
fbem-26879	152	4	return	return	VERB
fbem-26879	152	5	a	a	DET
fbem-26879	152	6	mobike	mobike	ADJ
fbem-26879	152	7	bike	bike	NOUN
fbem-26879	152	8	through	through	ADP
fbem-26879	152	9	their	their	PRON
fbem-26879	152	10	smartphones	smartphone	NOUN
fbem-26879	152	11	,	,	PUNCT
fbem-26879	152	12	and	and	CCONJ
fbem-26879	152	13	pay	pay	VERB
fbem-26879	152	14	the	the	DET
fbem-26879	152	15	relevant	relevant	ADJ
fbem-26879	152	16	rental	rental	ADJ
fbem-26879	152	17	fees	fee	NOUN
fbem-26879	152	18	for	for	ADP
fbem-26879	152	19	riding	ride	VERB
fbem-26879	152	20	.	.	PUNCT
fbem-26879	153	1	mobike	mobike	PROPN
fbem-26879	153	2	went	go	VERB
fbem-26879	153	3	through	through	ADP
fbem-26879	153	4	7	7	NUM
fbem-26879	153	5	rounds	round	NOUN
fbem-26879	153	6	of	of	ADP
fbem-26879	153	7	financing	financing	NOUN
fbem-26879	153	8	before	before	ADP
fbem-26879	153	9	being	be	AUX
fbem-26879	153	10	acquired	acquire	VERB
fbem-26879	153	11	by	by	ADP
fbem-26879	153	12	meituan	meituan	NOUN
fbem-26879	153	13	dianping	dianping	NOUN
fbem-26879	153	14	.	.	PUNCT
fbem-26879	154	1	3.3.2	3.3.2	X
fbem-26879	154	2	.	.	X
fbem-26879	155	1	meituan	meituan	PROPN
fbem-26879	155	2	's	's	PART
fbem-26879	155	3	acquisition	acquisition	NOUN
fbem-26879	155	4	process	process	NOUN
fbem-26879	155	5	of	of	ADP
fbem-26879	155	6	mobike	mobike	NOUN
fbem-26879	155	7	in	in	ADP
fbem-26879	155	8	march	march	PROPN
fbem-26879	155	9	2018	2018	NUM
fbem-26879	155	10	,	,	PUNCT
fbem-26879	155	11	meituan	meituan	PROPN
fbem-26879	155	12	acquired	acquire	VERB
fbem-26879	155	13	the	the	DET
fbem-26879	155	14	company	company	NOUN
fbem-26879	155	15	for	for	ADP
fbem-26879	155	16	$	$	SYM
fbem-26879	155	17	2.7	2.7	NUM
fbem-26879	155	18	billion	billion	NUM
fbem-26879	155	19	through	through	ADP
fbem-26879	155	20	a	a	DET
fbem-26879	155	21	combination	combination	NOUN
fbem-26879	155	22	of	of	ADP
fbem-26879	155	23	equity	equity	NOUN
fbem-26879	155	24	and	and	CCONJ
fbem-26879	155	25	cash	cash	NOUN
fbem-26879	155	26	.	.	PUNCT
fbem-26879	156	1	and	and	CCONJ
fbem-26879	156	2	repay	repay	VERB
fbem-26879	156	3	the	the	DET
fbem-26879	156	4	user	user	NOUN
fbem-26879	156	5	deposits	deposit	NOUN
fbem-26879	156	6	and	and	CCONJ
fbem-26879	156	7	supplier	supplier	NOUN
fbem-26879	156	8	debts	debt	NOUN
fbem-26879	156	9	of	of	ADP
fbem-26879	156	10	1	1	NUM
fbem-26879	156	11	billion	billion	NUM
fbem-26879	156	12	us	us	PROPN
fbem-26879	156	13	dollars	dollar	NOUN
fbem-26879	156	14	misappropriated	misappropriate	VERB
fbem-26879	156	15	by	by	ADP
fbem-26879	156	16	mobike	mobike	NOUN
fbem-26879	156	17	.	.	PUNCT
fbem-26879	157	1	in	in	ADP
fbem-26879	157	2	april	april	PROPN
fbem-26879	157	3	,	,	PUNCT
fbem-26879	157	4	mobike	mobike	PROPN
fbem-26879	157	5	's	's	PART
fbem-26879	157	6	chairman	chairman	NOUN
fbem-26879	157	7	was	be	AUX
fbem-26879	157	8	changed	change	VERB
fbem-26879	157	9	to	to	ADP
fbem-26879	157	10	meituan	meituan	PROPN
fbem-26879	157	11	ceo	ceo	PROPN
fbem-26879	157	12	wang	wang	PROPN
fbem-26879	157	13	xing	xing	PROPN
fbem-26879	157	14	.	.	PUNCT
fbem-26879	158	1	after	after	ADP
fbem-26879	158	2	the	the	DET
fbem-26879	158	3	merger	merger	NOUN
fbem-26879	158	4	,	,	PUNCT
fbem-26879	158	5	mobike	mobike	PROPN
fbem-26879	158	6	was	be	AUX
fbem-26879	158	7	renamed	rename	VERB
fbem-26879	158	8	as	as	ADP
fbem-26879	158	9	meituan	meituan	PROPN
fbem-26879	158	10	bike	bike	PROPN
fbem-26879	158	11	,	,	PUNCT
fbem-26879	158	12	and	and	CCONJ
fbem-26879	158	13	the	the	DET
fbem-26879	158	14	meituan	meituan	PROPN
fbem-26879	158	15	app	app	PROPN
fbem-26879	158	16	became	become	VERB
fbem-26879	158	17	the	the	DET
fbem-26879	158	18	only	only	ADJ
fbem-26879	158	19	entry	entry	NOUN
fbem-26879	158	20	point	point	NOUN
fbem-26879	158	21	for	for	ADP
fbem-26879	158	22	mobike	mobike	NOUN
fbem-26879	158	23	(	(	PUNCT
fbem-26879	158	24	meituan	meituan	NOUN
fbem-26879	158	25	bike	bike	PROPN
fbem-26879	158	26	)	)	PUNCT
fbem-26879	158	27	in	in	ADP
fbem-26879	158	28	china	china	PROPN
fbem-26879	158	29	.	.	PUNCT
fbem-26879	159	1	3.3.3	3.3.3	X
fbem-26879	159	2	.	.	PUNCT
fbem-26879	160	1	motivation	motivation	NOUN
fbem-26879	160	2	analysis	analysis	NOUN
fbem-26879	160	3	of	of	ADP
fbem-26879	160	4	meituan	meituan	PROPN
fbem-26879	160	5	's	's	PART
fbem-26879	160	6	acquisition	acquisition	NOUN
fbem-26879	160	7	of	of	ADP
fbem-26879	160	8	mobike	mobike	NOUN
fbem-26879	160	9	(	(	PUNCT
fbem-26879	160	10	1	1	NUM
fbem-26879	160	11	)	)	PUNCT
fbem-26879	160	12	obtain	obtain	VERB
fbem-26879	160	13	synergistic	synergistic	ADJ
fbem-26879	160	14	effects	effect	NOUN
fbem-26879	160	15	after	after	ADP
fbem-26879	160	16	acquiring	acquire	VERB
fbem-26879	160	17	mobike	mobike	ADP
fbem-26879	160	18	,	,	PUNCT
fbem-26879	160	19	meituan	meituan	PROPN
fbem-26879	160	20	gained	gain	VERB
fbem-26879	160	21	operational	operational	ADJ
fbem-26879	160	22	and	and	CCONJ
fbem-26879	160	23	financial	financial	ADJ
fbem-26879	160	24	synergy	synergy	NOUN
fbem-26879	160	25	.	.	PUNCT
fbem-26879	161	1	after	after	ADP
fbem-26879	161	2	acquiring	acquire	VERB
fbem-26879	161	3	mobike	mobike	NOUN
fbem-26879	161	4	,	,	PUNCT
fbem-26879	161	5	meituan	meituan	PROPN
fbem-26879	161	6	began	begin	VERB
fbem-26879	161	7	to	to	PART
fbem-26879	161	8	increase	increase	VERB
fbem-26879	161	9	its	its	PRON
fbem-26879	161	10	service	service	NOUN
fbem-26879	161	11	portfolio	portfolio	NOUN
fbem-26879	161	12	for	for	ADP
fbem-26879	161	13	consumers	consumer	NOUN
fbem-26879	161	14	.	.	PUNCT
fbem-26879	162	1	with	with	ADP
fbem-26879	162	2	the	the	DET
fbem-26879	162	3	acquisition	acquisition	NOUN
fbem-26879	162	4	of	of	ADP
fbem-26879	162	5	mobike	mobike	NOUN
fbem-26879	162	6	,	,	PUNCT
fbem-26879	162	7	meituan	meituan	NOUN
fbem-26879	162	8	and	and	CCONJ
fbem-26879	162	9	mobike	mobike	INTJ
fbem-26879	162	10	achieved	achieve	VERB
fbem-26879	162	11	operational	operational	ADJ
fbem-26879	162	12	synergy	synergy	NOUN
fbem-26879	162	13	through	through	ADP
fbem-26879	162	14	complementary	complementary	ADJ
fbem-26879	162	15	brand	brand	NOUN
fbem-26879	162	16	values	value	NOUN
fbem-26879	162	17	.	.	PUNCT
fbem-26879	163	1	in	in	ADP
fbem-26879	163	2	terms	term	NOUN
fbem-26879	163	3	of	of	ADP
fbem-26879	163	4	financial	financial	ADJ
fbem-26879	163	5	synergy	synergy	NOUN
fbem-26879	163	6	,	,	PUNCT
fbem-26879	163	7	meituan	meituan	PROPN
fbem-26879	163	8	achieved	achieve	VERB
fbem-26879	163	9	its	its	PRON
fbem-26879	163	10	goal	goal	NOUN
fbem-26879	163	11	of	of	ADP
fbem-26879	163	12	significantly	significantly	ADV
fbem-26879	163	13	increasing	increase	VERB
fbem-26879	163	14	operating	operating	NOUN
fbem-26879	163	15	revenue	revenue	NOUN
fbem-26879	163	16	after	after	ADP
fbem-26879	163	17	the	the	DET
fbem-26879	163	18	merger	merger	NOUN
fbem-26879	163	19	and	and	CCONJ
fbem-26879	163	20	achieved	achieve	VERB
fbem-26879	163	21	profitability	profitability	NOUN
fbem-26879	163	22	for	for	ADP
fbem-26879	163	23	the	the	DET
fbem-26879	163	24	first	first	ADJ
fbem-26879	163	25	time	time	NOUN
fbem-26879	163	26	in	in	ADP
fbem-26879	163	27	2019	2019	NUM
fbem-26879	163	28	.	.	PUNCT
fbem-26879	164	1	(	(	PUNCT
fbem-26879	164	2	2	2	X
fbem-26879	164	3	)	)	PUNCT
fbem-26879	164	4	avoid	avoid	VERB
fbem-26879	164	5	entry	entry	NOUN
fbem-26879	164	6	barriers	barrier	NOUN
fbem-26879	164	7	,	,	PUNCT
fbem-26879	164	8	quickly	quickly	ADV
fbem-26879	164	9	enter	enter	VERB
fbem-26879	164	10	,	,	PUNCT
fbem-26879	164	11	and	and	CCONJ
fbem-26879	164	12	strive	strive	VERB
fbem-26879	164	13	for	for	ADP
fbem-26879	164	14	market	market	NOUN
fbem-26879	164	15	opportunities	opportunity	NOUN
fbem-26879	164	16	meituan	meituan	PROPN
fbem-26879	164	17	had	have	AUX
fbem-26879	164	18	already	already	ADV
fbem-26879	164	19	developed	develop	VERB
fbem-26879	164	20	its	its	PRON
fbem-26879	164	21	own	own	ADJ
fbem-26879	164	22	travel	travel	NOUN
fbem-26879	164	23	business	business	NOUN
fbem-26879	164	24	,	,	PUNCT
fbem-26879	164	25	meituan	meituan	PROPN
fbem-26879	164	26	taxi	taxi	PROPN
fbem-26879	164	27	,	,	PUNCT
fbem-26879	164	28	before	before	ADP
fbem-26879	164	29	acquiring	acquire	VERB
fbem-26879	164	30	mobike	mobike	NOUN
fbem-26879	164	31	.	.	PUNCT
fbem-26879	165	1	in	in	ADP
fbem-26879	165	2	february	february	PROPN
fbem-26879	165	3	2017	2017	NUM
fbem-26879	165	4	,	,	PUNCT
fbem-26879	165	5	meituan	meituan	PROPN
fbem-26879	165	6	decided	decide	VERB
fbem-26879	165	7	to	to	PART
fbem-26879	165	8	enter	enter	VERB
fbem-26879	165	9	the	the	DET
fbem-26879	165	10	travel	travel	NOUN
fbem-26879	165	11	industry	industry	NOUN
fbem-26879	165	12	after	after	ADP
fbem-26879	165	13	piloting	pilot	VERB
fbem-26879	165	14	a	a	DET
fbem-26879	165	15	taxi	taxi	NOUN
fbem-26879	165	16	service	service	NOUN
fbem-26879	165	17	in	in	ADP
fbem-26879	165	18	nanjing	nanjing	PROPN
fbem-26879	165	19	,	,	PUNCT
fbem-26879	165	20	but	but	CCONJ
fbem-26879	165	21	it	it	PRON
fbem-26879	165	22	was	be	AUX
fbem-26879	165	23	lukewarm	lukewarm	ADJ
fbem-26879	165	24	.	.	PUNCT
fbem-26879	166	1	however	however	ADV
fbem-26879	166	2	,	,	PUNCT
fbem-26879	166	3	there	there	PRON
fbem-26879	166	4	are	be	VERB
fbem-26879	166	5	obstacles	obstacle	NOUN
fbem-26879	166	6	to	to	ADP
fbem-26879	166	7	entering	enter	VERB
fbem-26879	166	8	the	the	DET
fbem-26879	166	9	transportation	transportation	NOUN
fbem-26879	166	10	market	market	NOUN
fbem-26879	166	11	,	,	PUNCT
fbem-26879	166	12	which	which	PRON
fbem-26879	166	13	can	can	AUX
fbem-26879	166	14	be	be	AUX
fbem-26879	166	15	classified	classify	VERB
fbem-26879	166	16	into	into	ADP
fbem-26879	166	17	three	three	NUM
fbem-26879	166	18	main	main	ADJ
fbem-26879	166	19	types	type	NOUN
fbem-26879	166	20	according	accord	VERB
fbem-26879	166	21	to	to	ADP
fbem-26879	166	22	bain	bain	PROPN
fbem-26879	166	23	j.	j.	PROPN
fbem-26879	166	24	's	's	PART
fbem-26879	166	25	classification	classification	NOUN
fbem-26879	166	26	.	.	PUNCT
fbem-26879	167	1	for	for	ADP
fbem-26879	167	2	meituan	meituan	PROPN
fbem-26879	167	3	,	,	PUNCT
fbem-26879	167	4	the	the	DET
fbem-26879	167	5	main	main	ADJ
fbem-26879	167	6	constraint	constraint	NOUN
fbem-26879	167	7	on	on	ADP
fbem-26879	167	8	entering	enter	VERB
fbem-26879	167	9	the	the	DET
fbem-26879	167	10	travel	travel	NOUN
fbem-26879	167	11	market	market	NOUN
fbem-26879	167	12	is	be	AUX
fbem-26879	167	13	economies	economy	NOUN
fbem-26879	167	14	of	of	ADP
fbem-26879	167	15	scale	scale	NOUN
fbem-26879	167	16	.	.	PUNCT
fbem-26879	168	1	the	the	DET
fbem-26879	168	2	reason	reason	NOUN
fbem-26879	168	3	for	for	ADP
fbem-26879	168	4	this	this	PRON
fbem-26879	168	5	is	be	AUX
fbem-26879	168	6	that	that	SCONJ
fbem-26879	168	7	if	if	SCONJ
fbem-26879	168	8	meituan	meituan	PROPN
fbem-26879	168	9	wants	want	VERB
fbem-26879	168	10	to	to	PART
fbem-26879	168	11	enter	enter	VERB
fbem-26879	168	12	the	the	DET
fbem-26879	168	13	transportation	transportation	NOUN
fbem-26879	168	14	industry	industry	NOUN
fbem-26879	168	15	,	,	PUNCT
fbem-26879	168	16	it	it	PRON
fbem-26879	168	17	will	will	AUX
fbem-26879	168	18	require	require	VERB
fbem-26879	168	19	a	a	DET
fbem-26879	168	20	lot	lot	NOUN
fbem-26879	168	21	of	of	ADP
fbem-26879	168	22	costs	cost	NOUN
fbem-26879	168	23	.	.	PUNCT
fbem-26879	169	1	if	if	SCONJ
fbem-26879	169	2	it	it	PRON
fbem-26879	169	3	acquires	acquire	VERB
fbem-26879	169	4	the	the	DET
fbem-26879	169	5	giant	giant	ADJ
fbem-26879	169	6	mobike	mobike	NOUN
fbem-26879	169	7	in	in	ADP
fbem-26879	169	8	the	the	DET
fbem-26879	169	9	transportation	transportation	NOUN
fbem-26879	169	10	industry	industry	NOUN
fbem-26879	169	11	at	at	ADP
fbem-26879	169	12	that	that	DET
fbem-26879	169	13	time	time	NOUN
fbem-26879	169	14	,	,	PUNCT
fbem-26879	169	15	it	it	PRON
fbem-26879	169	16	can	can	AUX
fbem-26879	169	17	utilize	utilize	VERB
fbem-26879	169	18	mobike	mobike	NOUN
fbem-26879	169	19	's	's	PART
fbem-26879	169	20	related	relate	VERB
fbem-26879	169	21	resources	resource	NOUN
fbem-26879	169	22	and	and	CCONJ
fbem-26879	169	23	greatly	greatly	ADV
fbem-26879	169	24	reduce	reduce	VERB
fbem-26879	169	25	costs	cost	NOUN
fbem-26879	169	26	.	.	PUNCT
fbem-26879	170	1	thus	thus	ADV
fbem-26879	170	2	enabling	enable	VERB
fbem-26879	170	3	meituan	meituan	NOUN
fbem-26879	170	4	to	to	PART
fbem-26879	170	5	quickly	quickly	ADV
fbem-26879	170	6	enter	enter	VERB
fbem-26879	170	7	the	the	DET
fbem-26879	170	8	travel	travel	NOUN
fbem-26879	170	9	market	market	NOUN
fbem-26879	170	10	and	and	CCONJ
fbem-26879	170	11	seize	seize	VERB
fbem-26879	170	12	market	market	NOUN
fbem-26879	170	13	opportunities	opportunity	NOUN
fbem-26879	170	14	.	.	PUNCT
fbem-26879	171	1	251	251	NUM
fbem-26879	171	2	4	4	NUM
fbem-26879	171	3	.	.	PUNCT
fbem-26879	171	4	performance	performance	NOUN
fbem-26879	171	5	analysis	analysis	NOUN
fbem-26879	171	6	of	of	ADP
fbem-26879	171	7	meituan	meituan	PROPN
fbem-26879	171	8	's	's	PART
fbem-26879	171	9	acquisition	acquisition	NOUN
fbem-26879	171	10	of	of	ADP
fbem-26879	171	11	dianping	dianping	NOUN
fbem-26879	171	12	,	,	PUNCT
fbem-26879	171	13	qianbaobao	qianbaobao	ADJ
fbem-26879	171	14	,	,	PUNCT
fbem-26879	171	15	and	and	CCONJ
fbem-26879	171	16	mobike	mobike	VERB
fbem-26879	171	17	4.1	4.1	NUM
fbem-26879	171	18	.	.	PUNCT
fbem-26879	172	1	financial	financial	ADJ
fbem-26879	172	2	performance	performance	NOUN
fbem-26879	172	3	analysis	analysis	NOUN
fbem-26879	172	4	of	of	ADP
fbem-26879	172	5	meituan	meituan	PROPN
fbem-26879	172	6	's	's	PART
fbem-26879	172	7	acquisition	acquisition	NOUN
fbem-26879	172	8	of	of	ADP
fbem-26879	172	9	dianping	dianping	NOUN
fbem-26879	172	10	,	,	PUNCT
fbem-26879	172	11	qianbaobao	qianbaobao	ADJ
fbem-26879	172	12	,	,	PUNCT
fbem-26879	172	13	and	and	CCONJ
fbem-26879	172	14	mobike	mobike	INTJ
fbem-26879	172	15	this	this	DET
fbem-26879	172	16	article	article	NOUN
fbem-26879	172	17	uses	use	VERB
fbem-26879	172	18	the	the	DET
fbem-26879	172	19	financial	financial	ADJ
fbem-26879	172	20	indicator	indicator	NOUN
fbem-26879	172	21	method	method	NOUN
fbem-26879	172	22	to	to	PART
fbem-26879	172	23	analyze	analyze	VERB
fbem-26879	172	24	the	the	DET
fbem-26879	172	25	financial	financial	ADJ
fbem-26879	172	26	performance	performance	NOUN
fbem-26879	172	27	of	of	ADP
fbem-26879	172	28	meituan	meituan	PROPN
fbem-26879	172	29	after	after	ADP
fbem-26879	172	30	the	the	DET
fbem-26879	172	31	acquisition	acquisition	NOUN
fbem-26879	172	32	of	of	ADP
fbem-26879	172	33	dianping	dianping	NOUN
fbem-26879	172	34	,	,	PUNCT
fbem-26879	172	35	qianbaobao	qianbaobao	ADJ
fbem-26879	172	36	,	,	PUNCT
fbem-26879	172	37	and	and	CCONJ
fbem-26879	172	38	mobike	mobike	ADJ
fbem-26879	172	39	,	,	PUNCT
fbem-26879	172	40	mainly	mainly	ADV
fbem-26879	172	41	examining	examine	VERB
fbem-26879	172	42	their	their	PRON
fbem-26879	172	43	changes	change	NOUN
fbem-26879	172	44	in	in	ADP
fbem-26879	172	45	profitability	profitability	NOUN
fbem-26879	172	46	,	,	PUNCT
fbem-26879	172	47	operational	operational	ADJ
fbem-26879	172	48	ability	ability	NOUN
fbem-26879	172	49	,	,	PUNCT
fbem-26879	172	50	and	and	CCONJ
fbem-26879	172	51	debt	debt	NOUN
fbem-26879	172	52	paying	pay	VERB
fbem-26879	172	53	ability	ability	NOUN
fbem-26879	172	54	after	after	ADP
fbem-26879	172	55	the	the	DET
fbem-26879	172	56	merger	merger	NOUN
fbem-26879	172	57	.	.	PUNCT
fbem-26879	173	1	4.1.1	4.1.1	X
fbem-26879	173	2	.	.	PUNCT
fbem-26879	173	3	profitability	profitability	NOUN
fbem-26879	173	4	profitability	profitability	NOUN
fbem-26879	173	5	refers	refer	VERB
fbem-26879	173	6	to	to	ADP
fbem-26879	173	7	the	the	DET
fbem-26879	173	8	ability	ability	NOUN
fbem-26879	173	9	of	of	ADP
fbem-26879	173	10	a	a	DET
fbem-26879	173	11	company	company	NOUN
fbem-26879	173	12	to	to	PART
fbem-26879	173	13	generate	generate	VERB
fbem-26879	173	14	profits	profit	NOUN
fbem-26879	173	15	.	.	PUNCT
fbem-26879	174	1	in	in	ADP
fbem-26879	174	2	this	this	DET
fbem-26879	174	3	section	section	NOUN
fbem-26879	174	4	,	,	PUNCT
fbem-26879	174	5	the	the	DET
fbem-26879	174	6	gross	gross	ADJ
fbem-26879	174	7	profit	profit	NOUN
fbem-26879	174	8	margin	margin	NOUN
fbem-26879	174	9	,	,	PUNCT
fbem-26879	174	10	net	net	ADJ
fbem-26879	174	11	profit	profit	NOUN
fbem-26879	174	12	margin	margin	NOUN
fbem-26879	174	13	,	,	PUNCT
fbem-26879	174	14	and	and	CCONJ
fbem-26879	174	15	return	return	VERB
fbem-26879	174	16	on	on	ADP
fbem-26879	174	17	equity	equity	NOUN
fbem-26879	174	18	of	of	ADP
fbem-26879	174	19	meituan	meituan	PROPN
fbem-26879	174	20	from	from	ADP
fbem-26879	174	21	2015	2015	NUM
fbem-26879	174	22	to	to	ADP
fbem-26879	174	23	2019	2019	NUM
fbem-26879	174	24	are	be	AUX
fbem-26879	174	25	selected	select	VERB
fbem-26879	174	26	as	as	ADP
fbem-26879	174	27	indicators	indicator	NOUN
fbem-26879	174	28	to	to	PART
fbem-26879	174	29	evaluate	evaluate	VERB
fbem-26879	174	30	meituan	meituan	PROPN
fbem-26879	174	31	's	's	PART
fbem-26879	174	32	profitability	profitability	NOUN
fbem-26879	174	33	.	.	PUNCT
fbem-26879	175	1	the	the	DET
fbem-26879	175	2	specific	specific	ADJ
fbem-26879	175	3	data	datum	NOUN
fbem-26879	175	4	is	be	AUX
fbem-26879	175	5	shown	show	VERB
fbem-26879	175	6	in	in	ADP
fbem-26879	175	7	table	table	NOUN
fbem-26879	175	8	1	1	NUM
fbem-26879	175	9	.	.	PUNCT
fbem-26879	175	10	table	table	NOUN
fbem-26879	175	11	1	1	NUM
fbem-26879	175	12	.	.	PUNCT
fbem-26879	175	13	profitability	profitability	NOUN
fbem-26879	175	14	indicators	indicator	NOUN
fbem-26879	175	15	of	of	ADP
fbem-26879	175	16	meituan	meituan	PROPN
fbem-26879	175	17	2015	2015	NUM
fbem-26879	175	18	2016	2016	NUM
fbem-26879	175	19	2017	2017	NUM
fbem-26879	175	20	2018	2018	NUM
fbem-26879	175	21	2019	2019	NUM
fbem-26879	175	22	sales	sale	NOUN
fbem-26879	175	23	gross	gross	ADJ
fbem-26879	175	24	profit	profit	NOUN
fbem-26879	175	25	margin	margin	NOUN
fbem-26879	175	26	(	(	PUNCT
fbem-26879	175	27	%	%	INTJ
fbem-26879	175	28	)	)	PUNCT
fbem-26879	175	29	sixty	sixty	NUM
fbem-26879	175	30	-	-	PUNCT
fbem-26879	175	31	nine	nine	NUM
fbem-26879	175	32	point	point	NOUN
fbem-26879	175	33	one	one	NUM
fbem-26879	175	34	six	six	NUM
fbem-26879	175	35	forty	forty	NUM
fbem-26879	175	36	-	-	PUNCT
fbem-26879	175	37	five	five	NUM
fbem-26879	175	38	point	point	NOUN
fbem-26879	176	1	seven	seven	NUM
fbem-26879	176	2	four	four	NUM
fbem-26879	176	3	thirty	thirty	NUM
fbem-26879	176	4	-	-	PUNCT
fbem-26879	176	5	six	six	NUM
fbem-26879	176	6	point	point	NOUN
fbem-26879	176	7	zero	zero	NUM
fbem-26879	176	8	one	one	NUM
fbem-26879	176	9	twenty	twenty	NUM
fbem-26879	176	10	-	-	PUNCT
fbem-26879	176	11	three	three	NUM
fbem-26879	176	12	point	point	NOUN
fbem-26879	176	13	two	two	NUM
fbem-26879	176	14	four	four	NUM
fbem-26879	176	15	thirty	thirty	NUM
fbem-26879	176	16	-	-	PUNCT
fbem-26879	176	17	three	three	NUM
fbem-26879	176	18	point	point	NOUN
fbem-26879	176	19	one	one	NUM
fbem-26879	176	20	four	four	NUM
fbem-26879	176	21	sales	sale	NOUN
fbem-26879	176	22	net	net	ADJ
fbem-26879	176	23	profit	profit	NOUN
fbem-26879	176	24	margin	margin	NOUN
fbem-26879	176	25	(	(	PUNCT
fbem-26879	176	26	%	%	INTJ
fbem-26879	176	27	)	)	PUNCT
fbem-26879	176	28	-261.55	-261.55	PROPN
fbem-26879	176	29	-44.60	-44.60	PROPN
fbem-26879	176	30	-55.97	-55.97	PROPN
fbem-26879	176	31	-177.06	-177.06	PROPN
fbem-26879	176	32	two	two	NUM
fbem-26879	176	33	point	point	NOUN
fbem-26879	176	34	two	two	NUM
fbem-26879	176	35	nine	nine	NUM
fbem-26879	176	36	return	return	NOUN
fbem-26879	176	37	on	on	ADP
fbem-26879	176	38	equity	equity	NOUN
fbem-26879	176	39	(	(	PUNCT
fbem-26879	176	40	%	%	INTJ
fbem-26879	176	41	)	)	PUNCT
fbem-26879	176	42	fifty	fifty	NUM
fbem-26879	176	43	-	-	PUNCT
fbem-26879	176	44	two	two	NUM
fbem-26879	176	45	point	point	NOUN
fbem-26879	176	46	three	three	NUM
fbem-26879	176	47	twenty	twenty	NUM
fbem-26879	176	48	-	-	PUNCT
fbem-26879	176	49	six	six	NUM
fbem-26879	176	50	point	point	NOUN
fbem-26879	176	51	seven	seven	NUM
fbem-26879	176	52	fifty	fifty	NUM
fbem-26879	176	53	-	-	PUNCT
fbem-26879	176	54	seven	seven	NUM
fbem-26879	176	55	point	point	NOUN
fbem-26879	176	56	one	one	NUM
fbem-26879	176	57	seven	seven	NUM
fbem-26879	176	58	-502.67	-502.67	INTJ
fbem-26879	176	59	two	two	NUM
fbem-26879	176	60	point	point	NOUN
fbem-26879	176	61	five	five	NUM
fbem-26879	176	62	one	one	NUM
fbem-26879	176	63	data	datum	NOUN
fbem-26879	176	64	source	source	NOUN
fbem-26879	176	65	:	:	PUNCT
fbem-26879	176	66	meituan	meituan	PROPN
fbem-26879	176	67	company	company	NOUN
fbem-26879	176	68	's	's	PART
fbem-26879	176	69	financial	financial	ADJ
fbem-26879	176	70	report	report	NOUN
fbem-26879	176	71	from	from	ADP
fbem-26879	176	72	the	the	DET
fbem-26879	176	73	data	data	NOUN
fbem-26879	176	74	changes	change	NOUN
fbem-26879	176	75	in	in	ADP
fbem-26879	176	76	table	table	NOUN
fbem-26879	176	77	1	1	NUM
fbem-26879	176	78	,	,	PUNCT
fbem-26879	176	79	it	it	PRON
fbem-26879	176	80	can	can	AUX
fbem-26879	176	81	be	be	AUX
fbem-26879	176	82	seen	see	VERB
fbem-26879	176	83	that	that	SCONJ
fbem-26879	176	84	the	the	DET
fbem-26879	176	85	net	net	ADJ
fbem-26879	176	86	profit	profit	NOUN
fbem-26879	176	87	margin	margin	NOUN
fbem-26879	176	88	of	of	ADP
fbem-26879	176	89	sales	sale	NOUN
fbem-26879	176	90	after	after	SCONJ
fbem-26879	176	91	meituan	meituan	PROPN
fbem-26879	176	92	's	's	PART
fbem-26879	176	93	acquisition	acquisition	NOUN
fbem-26879	176	94	of	of	ADP
fbem-26879	176	95	dianping	dianping	NOUN
fbem-26879	176	96	is	be	AUX
fbem-26879	176	97	higher	high	ADJ
fbem-26879	176	98	than	than	ADP
fbem-26879	176	99	the	the	DET
fbem-26879	176	100	original	original	ADJ
fbem-26879	176	101	level	level	NOUN
fbem-26879	176	102	,	,	PUNCT
fbem-26879	176	103	especially	especially	ADV
fbem-26879	176	104	in	in	ADP
fbem-26879	176	105	2016	2016	NUM
fbem-26879	176	106	.	.	PUNCT
fbem-26879	177	1	this	this	PRON
fbem-26879	177	2	indicates	indicate	VERB
fbem-26879	177	3	that	that	SCONJ
fbem-26879	177	4	meituan	meituan	PROPN
fbem-26879	177	5	has	have	AUX
fbem-26879	177	6	optimized	optimize	VERB
fbem-26879	177	7	its	its	PRON
fbem-26879	177	8	business	business	NOUN
fbem-26879	177	9	processes	process	NOUN
fbem-26879	177	10	,	,	PUNCT
fbem-26879	177	11	integrated	integrate	VERB
fbem-26879	177	12	business	business	NOUN
fbem-26879	177	13	resources	resource	NOUN
fbem-26879	177	14	,	,	PUNCT
fbem-26879	177	15	improved	improved	ADJ
fbem-26879	177	16	efficiency	efficiency	NOUN
fbem-26879	177	17	,	,	PUNCT
fbem-26879	177	18	and	and	CCONJ
fbem-26879	177	19	reduced	reduce	VERB
fbem-26879	177	20	costs	cost	NOUN
fbem-26879	177	21	by	by	ADP
fbem-26879	177	22	acquiring	acquire	VERB
fbem-26879	177	23	dianping	dianpe	VERB
fbem-26879	177	24	and	and	CCONJ
fbem-26879	177	25	utilizing	utilize	VERB
fbem-26879	177	26	its	its	PRON
fbem-26879	177	27	resources	resource	NOUN
fbem-26879	177	28	;	;	PUNCT
fbem-26879	177	29	the	the	DET
fbem-26879	177	30	increase	increase	NOUN
fbem-26879	177	31	in	in	ADP
fbem-26879	177	32	sales	sale	NOUN
fbem-26879	177	33	net	net	ADJ
fbem-26879	177	34	profit	profit	NOUN
fbem-26879	177	35	margin	margin	NOUN
fbem-26879	177	36	also	also	ADV
fbem-26879	177	37	indicates	indicate	VERB
fbem-26879	177	38	that	that	SCONJ
fbem-26879	177	39	meituan	meituan	PROPN
fbem-26879	177	40	has	have	AUX
fbem-26879	177	41	gained	gain	VERB
fbem-26879	177	42	more	more	ADJ
fbem-26879	177	43	profits	profit	NOUN
fbem-26879	177	44	in	in	ADP
fbem-26879	177	45	sales	sale	NOUN
fbem-26879	177	46	,	,	PUNCT
fbem-26879	177	47	indicating	indicate	VERB
fbem-26879	177	48	that	that	SCONJ
fbem-26879	177	49	mergers	merger	NOUN
fbem-26879	177	50	and	and	CCONJ
fbem-26879	177	51	acquisitions	acquisition	NOUN
fbem-26879	177	52	have	have	AUX
fbem-26879	177	53	expanded	expand	VERB
fbem-26879	177	54	meituan	meituan	PROPN
fbem-26879	177	55	's	's	PART
fbem-26879	177	56	market	market	NOUN
fbem-26879	177	57	share	share	NOUN
fbem-26879	177	58	,	,	PUNCT
fbem-26879	177	59	launched	launch	VERB
fbem-26879	177	60	new	new	ADJ
fbem-26879	177	61	businesses	business	NOUN
fbem-26879	177	62	and	and	CCONJ
fbem-26879	177	63	related	related	ADJ
fbem-26879	177	64	services	service	NOUN
fbem-26879	177	65	,	,	PUNCT
fbem-26879	177	66	and	and	CCONJ
fbem-26879	177	67	thus	thus	ADV
fbem-26879	177	68	increased	increase	VERB
fbem-26879	177	69	sales	sale	NOUN
fbem-26879	177	70	revenue	revenue	NOUN
fbem-26879	177	71	.	.	PUNCT
fbem-26879	178	1	in	in	ADP
fbem-26879	178	2	order	order	NOUN
fbem-26879	178	3	to	to	PART
fbem-26879	178	4	cope	cope	VERB
fbem-26879	178	5	with	with	ADP
fbem-26879	178	6	competition	competition	NOUN
fbem-26879	178	7	,	,	PUNCT
fbem-26879	178	8	meituan	meituan	PROPN
fbem-26879	178	9	had	have	VERB
fbem-26879	178	10	to	to	PART
fbem-26879	178	11	lower	lower	VERB
fbem-26879	178	12	product	product	NOUN
fbem-26879	178	13	prices	price	NOUN
fbem-26879	178	14	,	,	PUNCT
fbem-26879	178	15	which	which	PRON
fbem-26879	178	16	led	lead	VERB
fbem-26879	178	17	to	to	ADP
fbem-26879	178	18	a	a	DET
fbem-26879	178	19	decrease	decrease	NOUN
fbem-26879	178	20	in	in	ADP
fbem-26879	178	21	sales	sale	NOUN
fbem-26879	178	22	gross	gross	ADJ
fbem-26879	178	23	profit	profit	NOUN
fbem-26879	178	24	margin	margin	NOUN
fbem-26879	178	25	.	.	PUNCT
fbem-26879	179	1	the	the	DET
fbem-26879	179	2	main	main	ADJ
fbem-26879	179	3	reason	reason	NOUN
fbem-26879	179	4	for	for	ADP
fbem-26879	179	5	the	the	DET
fbem-26879	179	6	short	short	ADJ
fbem-26879	179	7	-	-	PUNCT
fbem-26879	179	8	term	term	NOUN
fbem-26879	179	9	decrease	decrease	NOUN
fbem-26879	179	10	in	in	ADP
fbem-26879	179	11	shareholder	shareholder	NOUN
fbem-26879	179	12	return	return	NOUN
fbem-26879	179	13	on	on	ADP
fbem-26879	179	14	equity	equity	NOUN
fbem-26879	179	15	is	be	AUX
fbem-26879	179	16	that	that	SCONJ
fbem-26879	179	17	after	after	ADP
fbem-26879	179	18	meituan	meituan	PROPN
fbem-26879	179	19	's	's	PART
fbem-26879	179	20	acquisition	acquisition	NOUN
fbem-26879	179	21	of	of	ADP
fbem-26879	179	22	dianping	dianping	NOUN
fbem-26879	179	23	,	,	PUNCT
fbem-26879	179	24	its	its	PRON
fbem-26879	179	25	shareholder	shareholder	NOUN
fbem-26879	179	26	structure	structure	NOUN
fbem-26879	179	27	changed	change	VERB
fbem-26879	179	28	.	.	PUNCT
fbem-26879	180	1	due	due	ADP
fbem-26879	180	2	to	to	ADP
fbem-26879	180	3	the	the	DET
fbem-26879	180	4	addition	addition	NOUN
fbem-26879	180	5	of	of	ADP
fbem-26879	180	6	new	new	ADJ
fbem-26879	180	7	shareholders	shareholder	NOUN
fbem-26879	180	8	to	to	ADP
fbem-26879	180	9	meituan	meituan	PROPN
fbem-26879	180	10	dianping	dianping	NOUN
fbem-26879	180	11	,	,	PUNCT
fbem-26879	180	12	dividend	dividend	NOUN
fbem-26879	180	13	distribution	distribution	NOUN
fbem-26879	180	14	increased	increase	VERB
fbem-26879	180	15	,	,	PUNCT
fbem-26879	180	16	resulting	result	VERB
fbem-26879	180	17	in	in	ADP
fbem-26879	180	18	a	a	DET
fbem-26879	180	19	decrease	decrease	NOUN
fbem-26879	180	20	in	in	ADP
fbem-26879	180	21	shareholder	shareholder	NOUN
fbem-26879	180	22	return	return	NOUN
fbem-26879	180	23	on	on	ADP
fbem-26879	180	24	equity	equity	NOUN
fbem-26879	180	25	.	.	PUNCT
fbem-26879	181	1	after	after	ADP
fbem-26879	181	2	acquiring	acquire	VERB
fbem-26879	181	3	qianbaobao	qianbaobao	PROPN
fbem-26879	181	4	in	in	ADP
fbem-26879	181	5	september	september	PROPN
fbem-26879	181	6	2016	2016	NUM
fbem-26879	181	7	,	,	PUNCT
fbem-26879	181	8	meituan	meituan	PROPN
fbem-26879	181	9	's	's	PART
fbem-26879	181	10	return	return	NOUN
fbem-26879	181	11	on	on	ADP
fbem-26879	181	12	equity	equity	NOUN
fbem-26879	181	13	increased	increase	VERB
fbem-26879	181	14	,	,	PUNCT
fbem-26879	181	15	indicating	indicate	VERB
fbem-26879	181	16	that	that	SCONJ
fbem-26879	181	17	qianbaobao	qianbaobao	NOUN
fbem-26879	181	18	's	's	PART
fbem-26879	181	19	payment	payment	NOUN
fbem-26879	181	20	license	license	NOUN
fbem-26879	181	21	has	have	AUX
fbem-26879	181	22	opened	open	VERB
fbem-26879	181	23	up	up	ADP
fbem-26879	181	24	new	new	ADJ
fbem-26879	181	25	profit	profit	NOUN
fbem-26879	181	26	opportunities	opportunity	NOUN
fbem-26879	181	27	for	for	ADP
fbem-26879	181	28	meituan	meituan	PROPN
fbem-26879	181	29	.	.	PUNCT
fbem-26879	182	1	meituan	meituan	PROPN
fbem-26879	182	2	can	can	AUX
fbem-26879	182	3	provide	provide	VERB
fbem-26879	182	4	more	more	ADJ
fbem-26879	182	5	value	value	NOUN
fbem-26879	182	6	-	-	PUNCT
fbem-26879	182	7	added	add	VERB
fbem-26879	182	8	services	service	NOUN
fbem-26879	182	9	related	relate	VERB
fbem-26879	182	10	to	to	ADP
fbem-26879	182	11	payment	payment	NOUN
fbem-26879	182	12	through	through	ADP
fbem-26879	182	13	qianbaobao	qianbaobao	PROPN
fbem-26879	182	14	.	.	PUNCT
fbem-26879	183	1	at	at	ADP
fbem-26879	183	2	the	the	DET
fbem-26879	183	3	same	same	ADJ
fbem-26879	183	4	time	time	NOUN
fbem-26879	183	5	,	,	PUNCT
fbem-26879	183	6	with	with	ADP
fbem-26879	183	7	qianbaobao	qianbaobao	PROPN
fbem-26879	183	8	's	's	PART
fbem-26879	183	9	payment	payment	NOUN
fbem-26879	183	10	services	service	NOUN
fbem-26879	183	11	,	,	PUNCT
fbem-26879	183	12	meituan	meituan	PROPN
fbem-26879	183	13	can	can	AUX
fbem-26879	183	14	attract	attract	VERB
fbem-26879	183	15	more	more	ADJ
fbem-26879	183	16	merchants	merchant	NOUN
fbem-26879	183	17	and	and	CCONJ
fbem-26879	183	18	users	user	NOUN
fbem-26879	183	19	,	,	PUNCT
fbem-26879	183	20	thereby	thereby	ADV
fbem-26879	183	21	increasing	increase	VERB
fbem-26879	183	22	the	the	DET
fbem-26879	183	23	platform	platform	NOUN
fbem-26879	183	24	's	's	PART
fbem-26879	183	25	transaction	transaction	NOUN
fbem-26879	183	26	scale	scale	NOUN
fbem-26879	183	27	and	and	CCONJ
fbem-26879	183	28	sales	sale	NOUN
fbem-26879	183	29	revenue	revenue	NOUN
fbem-26879	183	30	.	.	PUNCT
fbem-26879	184	1	however	however	ADV
fbem-26879	184	2	,	,	PUNCT
fbem-26879	184	3	the	the	DET
fbem-26879	184	4	gross	gross	ADJ
fbem-26879	184	5	profit	profit	NOUN
fbem-26879	184	6	margin	margin	NOUN
fbem-26879	184	7	and	and	CCONJ
fbem-26879	184	8	net	net	ADJ
fbem-26879	184	9	profit	profit	NOUN
fbem-26879	184	10	margin	margin	NOUN
fbem-26879	184	11	of	of	ADP
fbem-26879	184	12	sales	sale	NOUN
fbem-26879	184	13	are	be	AUX
fbem-26879	184	14	declining	decline	VERB
fbem-26879	184	15	.	.	PUNCT
fbem-26879	185	1	the	the	DET
fbem-26879	185	2	reason	reason	NOUN
fbem-26879	185	3	for	for	ADP
fbem-26879	185	4	this	this	PRON
fbem-26879	185	5	is	be	AUX
fbem-26879	185	6	that	that	SCONJ
fbem-26879	185	7	meituan	meituan	PROPN
fbem-26879	185	8	spent	spend	VERB
fbem-26879	185	9	a	a	DET
fbem-26879	185	10	lot	lot	NOUN
fbem-26879	185	11	of	of	ADP
fbem-26879	185	12	acquisition	acquisition	NOUN
fbem-26879	185	13	costs	cost	NOUN
fbem-26879	185	14	when	when	SCONJ
fbem-26879	185	15	acquiring	acquire	VERB
fbem-26879	185	16	qianbaobao	qianbaobao	VERB
fbem-26879	185	17	,	,	PUNCT
fbem-26879	185	18	which	which	PRON
fbem-26879	185	19	reduced	reduce	VERB
fbem-26879	185	20	its	its	PRON
fbem-26879	185	21	net	net	ADJ
fbem-26879	185	22	profit	profit	NOUN
fbem-26879	185	23	.	.	PUNCT
fbem-26879	186	1	in	in	ADP
fbem-26879	186	2	addition	addition	NOUN
fbem-26879	186	3	,	,	PUNCT
fbem-26879	186	4	meituan	meituan	PROPN
fbem-26879	186	5	's	's	PART
fbem-26879	186	6	corporate	corporate	ADJ
fbem-26879	186	7	development	development	NOUN
fbem-26879	186	8	strategy	strategy	NOUN
fbem-26879	186	9	requires	require	VERB
fbem-26879	186	10	the	the	DET
fbem-26879	186	11	construction	construction	NOUN
fbem-26879	186	12	of	of	ADP
fbem-26879	186	13	a	a	DET
fbem-26879	186	14	super	super	ADJ
fbem-26879	186	15	platform	platform	NOUN
fbem-26879	186	16	,	,	PUNCT
fbem-26879	186	17	which	which	PRON
fbem-26879	186	18	requires	require	VERB
fbem-26879	186	19	sufficient	sufficient	ADJ
fbem-26879	186	20	investment	investment	NOUN
fbem-26879	186	21	in	in	ADP
fbem-26879	186	22	production	production	NOUN
fbem-26879	186	23	costs	cost	NOUN
fbem-26879	186	24	,	,	PUNCT
fbem-26879	186	25	sales	sale	NOUN
fbem-26879	186	26	,	,	PUNCT
fbem-26879	186	27	and	and	CCONJ
fbem-26879	186	28	management	management	NOUN
fbem-26879	186	29	costs	cost	NOUN
fbem-26879	186	30	.	.	PUNCT
fbem-26879	187	1	the	the	DET
fbem-26879	187	2	investment	investment	NOUN
fbem-26879	187	3	of	of	ADP
fbem-26879	187	4	these	these	DET
fbem-26879	187	5	costs	cost	NOUN
fbem-26879	187	6	is	be	AUX
fbem-26879	187	7	the	the	DET
fbem-26879	187	8	main	main	ADJ
fbem-26879	187	9	reason	reason	NOUN
fbem-26879	187	10	for	for	ADP
fbem-26879	187	11	the	the	DET
fbem-26879	187	12	decrease	decrease	NOUN
fbem-26879	187	13	in	in	ADP
fbem-26879	187	14	meituan	meituan	PROPN
fbem-26879	187	15	's	's	PART
fbem-26879	187	16	net	net	ADJ
fbem-26879	187	17	profit	profit	NOUN
fbem-26879	187	18	margin	margin	NOUN
fbem-26879	187	19	and	and	CCONJ
fbem-26879	187	20	gross	gross	ADJ
fbem-26879	187	21	profit	profit	NOUN
fbem-26879	187	22	margin	margin	NOUN
fbem-26879	187	23	.	.	PUNCT
fbem-26879	188	1	in	in	ADP
fbem-26879	188	2	april	april	PROPN
fbem-26879	188	3	2018	2018	NUM
fbem-26879	188	4	,	,	PUNCT
fbem-26879	188	5	meituan	meituan	PROPN
fbem-26879	188	6	acquired	acquire	VERB
fbem-26879	188	7	mobike	mobike	NOUN
fbem-26879	188	8	.	.	PUNCT
fbem-26879	189	1	after	after	ADP
fbem-26879	189	2	the	the	DET
fbem-26879	189	3	merger	merger	NOUN
fbem-26879	189	4	,	,	PUNCT
fbem-26879	189	5	meituan	meituan	PROPN
fbem-26879	189	6	's	's	PART
fbem-26879	189	7	return	return	NOUN
fbem-26879	189	8	on	on	ADP
fbem-26879	189	9	equity	equity	NOUN
fbem-26879	189	10	fell	fall	VERB
fbem-26879	189	11	to	to	ADP
fbem-26879	189	12	a	a	DET
fbem-26879	189	13	low	low	ADJ
fbem-26879	189	14	point	point	NOUN
fbem-26879	189	15	in	in	ADP
fbem-26879	189	16	2018	2018	NUM
fbem-26879	189	17	,	,	PUNCT
fbem-26879	189	18	and	and	CCONJ
fbem-26879	189	19	the	the	DET
fbem-26879	189	20	main	main	ADJ
fbem-26879	189	21	reason	reason	NOUN
fbem-26879	189	22	for	for	ADP
fbem-26879	189	23	the	the	DET
fbem-26879	189	24	decrease	decrease	NOUN
fbem-26879	189	25	in	in	ADP
fbem-26879	189	26	sales	sale	NOUN
fbem-26879	189	27	net	net	ADJ
fbem-26879	189	28	profit	profit	NOUN
fbem-26879	189	29	margin	margin	NOUN
fbem-26879	189	30	and	and	CCONJ
fbem-26879	189	31	gross	gross	ADJ
fbem-26879	189	32	profit	profit	NOUN
fbem-26879	189	33	margin	margin	NOUN
fbem-26879	189	34	was	be	AUX
fbem-26879	189	35	that	that	SCONJ
fbem-26879	189	36	meituan	meituan	PROPN
fbem-26879	189	37	's	's	PART
fbem-26879	189	38	acquisition	acquisition	NOUN
fbem-26879	189	39	conditions	condition	NOUN
fbem-26879	189	40	with	with	ADP
fbem-26879	189	41	mobike	mobike	NOUN
fbem-26879	189	42	included	include	VERB
fbem-26879	189	43	meituan	meituan	PROPN
fbem-26879	189	44	's	's	PART
fbem-26879	189	45	obligation	obligation	NOUN
fbem-26879	189	46	to	to	PART
fbem-26879	189	47	repay	repay	VERB
fbem-26879	189	48	mobike	mobike	NOUN
fbem-26879	189	49	's	's	PART
fbem-26879	189	50	supplier	supplier	NOUN
fbem-26879	189	51	debt	debt	NOUN
fbem-26879	189	52	of	of	ADP
fbem-26879	189	53	$	$	SYM
fbem-26879	189	54	1	1	NUM
fbem-26879	189	55	billion	billion	NUM
fbem-26879	189	56	.	.	PUNCT
fbem-26879	190	1	the	the	DET
fbem-26879	190	2	debt	debt	NOUN
fbem-26879	190	3	burden	burden	NOUN
fbem-26879	190	4	of	of	ADP
fbem-26879	190	5	meituan	meituan	PROPN
fbem-26879	190	6	dianping	dianping	NOUN
fbem-26879	190	7	has	have	AUX
fbem-26879	190	8	increased	increase	VERB
fbem-26879	190	9	,	,	PUNCT
fbem-26879	190	10	and	and	CCONJ
fbem-26879	190	11	meituan	meituan	PROPN
fbem-26879	190	12	's	's	PART
fbem-26879	190	13	debt	debt	NOUN
fbem-26879	190	14	acquisition	acquisition	NOUN
fbem-26879	190	15	behavior	behavior	NOUN
fbem-26879	190	16	has	have	AUX
fbem-26879	190	17	resulted	result	VERB
fbem-26879	190	18	in	in	ADP
fbem-26879	190	19	insufficient	insufficient	ADJ
fbem-26879	190	20	operating	operating	NOUN
fbem-26879	190	21	income	income	NOUN
fbem-26879	190	22	to	to	PART
fbem-26879	190	23	pay	pay	VERB
fbem-26879	190	24	high	high	ADJ
fbem-26879	190	25	nterest	nterest	NOUN
fbem-26879	190	26	in	in	ADP
fbem-26879	190	27	2018	2018	NUM
fbem-26879	190	28	,	,	PUNCT
fbem-26879	190	29	affecting	affect	VERB
fbem-26879	190	30	net	net	ADJ
fbem-26879	190	31	profit	profit	NOUN
fbem-26879	190	32	and	and	CCONJ
fbem-26879	190	33	shareholder	shareholder	NOUN
fbem-26879	190	34	equity	equity	NOUN
fbem-26879	190	35	structure	structure	NOUN
fbem-26879	190	36	.	.	PUNCT
fbem-26879	191	1	however	however	ADV
fbem-26879	191	2	,	,	PUNCT
fbem-26879	191	3	in	in	ADP
fbem-26879	191	4	2019	2019	NUM
fbem-26879	191	5	,	,	PUNCT
fbem-26879	191	6	meituan	meituan	PROPN
fbem-26879	191	7	's	's	PART
fbem-26879	191	8	return	return	NOUN
fbem-26879	191	9	on	on	ADP
fbem-26879	191	10	equity	equity	NOUN
fbem-26879	191	11	,	,	PUNCT
fbem-26879	191	12	net	net	ADJ
fbem-26879	191	13	profit	profit	NOUN
fbem-26879	191	14	margin	margin	NOUN
fbem-26879	191	15	,	,	PUNCT
fbem-26879	191	16	and	and	CCONJ
fbem-26879	191	17	gross	gross	ADJ
fbem-26879	191	18	profit	profit	NOUN
fbem-26879	191	19	margin	margin	NOUN
fbem-26879	191	20	all	all	PRON
fbem-26879	191	21	achieved	achieve	VERB
fbem-26879	191	22	positive	positive	ADJ
fbem-26879	191	23	growth	growth	NOUN
fbem-26879	191	24	,	,	PUNCT
fbem-26879	191	25	indicating	indicate	VERB
fbem-26879	191	26	that	that	SCONJ
fbem-26879	191	27	meituan	meituan	PROPN
fbem-26879	191	28	dianping	dianping	NOUN
fbem-26879	191	29	's	's	PART
fbem-26879	191	30	acquisition	acquisition	NOUN
fbem-26879	191	31	of	of	ADP
fbem-26879	191	32	mobike	mobike	NOUN
fbem-26879	191	33	expanded	expand	VERB
fbem-26879	191	34	its	its	PRON
fbem-26879	191	35	business	business	NOUN
fbem-26879	191	36	scope	scope	NOUN
fbem-26879	191	37	and	and	CCONJ
fbem-26879	191	38	market	market	NOUN
fbem-26879	191	39	share	share	NOUN
fbem-26879	191	40	through	through	ADP
fbem-26879	191	41	resource	resource	NOUN
fbem-26879	191	42	integration	integration	NOUN
fbem-26879	191	43	,	,	PUNCT
fbem-26879	191	44	and	and	CCONJ
fbem-26879	191	45	also	also	ADV
fbem-26879	191	46	formed	form	VERB
fbem-26879	191	47	synergies	synergy	NOUN
fbem-26879	191	48	in	in	ADP
fbem-26879	191	49	different	different	ADJ
fbem-26879	191	50	service	service	NOUN
fbem-26879	191	51	areas	area	NOUN
fbem-26879	191	52	to	to	PART
fbem-26879	191	53	further	far	ADV
fbem-26879	191	54	reduce	reduce	VERB
fbem-26879	191	55	costs	cost	NOUN
fbem-26879	191	56	.	.	PUNCT
fbem-26879	192	1	4.1.2	4.1.2	X
fbem-26879	192	2	.	.	NOUN
fbem-26879	192	3	operational	operational	ADJ
fbem-26879	192	4	capability	capability	NOUN
fbem-26879	192	5	the	the	DET
fbem-26879	192	6	operational	operational	ADJ
fbem-26879	192	7	capability	capability	NOUN
fbem-26879	192	8	reflects	reflect	VERB
fbem-26879	192	9	the	the	DET
fbem-26879	192	10	capital	capital	NOUN
fbem-26879	192	11	turnover	turnover	NOUN
fbem-26879	192	12	status	status	NOUN
fbem-26879	192	13	of	of	ADP
fbem-26879	192	14	the	the	DET
fbem-26879	192	15	enterprise	enterprise	NOUN
fbem-26879	192	16	,	,	PUNCT
fbem-26879	192	17	and	and	CCONJ
fbem-26879	192	18	analyzing	analyze	VERB
fbem-26879	192	19	it	it	PRON
fbem-26879	192	20	can	can	AUX
fbem-26879	192	21	provide	provide	VERB
fbem-26879	192	22	insights	insight	NOUN
fbem-26879	192	23	into	into	ADP
fbem-26879	192	24	the	the	DET
fbem-26879	192	25	business	business	NOUN
fbem-26879	192	26	situation	situation	NOUN
fbem-26879	192	27	and	and	CCONJ
fbem-26879	192	28	management	management	NOUN
fbem-26879	192	29	level	level	NOUN
fbem-26879	192	30	of	of	ADP
fbem-26879	192	31	the	the	DET
fbem-26879	192	32	enterprise	enterprise	NOUN
fbem-26879	192	33	.	.	PUNCT
fbem-26879	193	1	in	in	ADP
fbem-26879	193	2	this	this	DET
fbem-26879	193	3	section	section	NOUN
fbem-26879	193	4	,	,	PUNCT
fbem-26879	193	5	accounts	account	VERB
fbem-26879	193	6	receivable	receivable	ADJ
fbem-26879	193	7	turnover	turnover	NOUN
fbem-26879	193	8	,	,	PUNCT
fbem-26879	193	9	current	current	ADJ
fbem-26879	193	10	asset	asset	NOUN
fbem-26879	193	11	turnover	turnover	NOUN
fbem-26879	193	12	,	,	PUNCT
fbem-26879	193	13	and	and	CCONJ
fbem-26879	193	14	total	total	ADJ
fbem-26879	193	15	asset	asset	NOUN
fbem-26879	193	16	turnover	turnover	NOUN
fbem-26879	193	17	are	be	AUX
fbem-26879	193	18	selected	select	VERB
fbem-26879	193	19	as	as	ADP
fbem-26879	193	20	indicators	indicator	NOUN
fbem-26879	193	21	to	to	PART
fbem-26879	193	22	quantify	quantify	VERB
fbem-26879	193	23	meituan	meituan	PROPN
fbem-26879	193	24	's	's	PART
fbem-26879	193	25	operational	operational	ADJ
fbem-26879	193	26	capabilities	capability	NOUN
fbem-26879	193	27	.	.	PUNCT
fbem-26879	194	1	the	the	DET
fbem-26879	194	2	specific	specific	ADJ
fbem-26879	194	3	data	datum	NOUN
fbem-26879	194	4	is	be	AUX
fbem-26879	194	5	shown	show	VERB
fbem-26879	194	6	in	in	ADP
fbem-26879	194	7	table	table	NOUN
fbem-26879	194	8	2	2	NUM
fbem-26879	194	9	.	.	PUNCT
fbem-26879	194	10	table	table	NOUN
fbem-26879	194	11	2	2	NUM
fbem-26879	194	12	.	.	X
fbem-26879	194	13	meituan	meituan	PROPN
fbem-26879	194	14	's	's	PART
fbem-26879	194	15	operational	operational	ADJ
fbem-26879	194	16	capability	capability	NOUN
fbem-26879	194	17	indicators	indicator	NOUN
fbem-26879	194	18	2015	2015	NUM
fbem-26879	194	19	2016	2016	NUM
fbem-26879	194	20	2017	2017	NUM
fbem-26879	194	21	2018	2018	NUM
fbem-26879	194	22	2019	2019	NUM
fbem-26879	194	23	accounts	account	NOUN
fbem-26879	194	24	receivable	receivable	ADJ
fbem-26879	194	25	turnover	turnover	NOUN
fbem-26879	194	26	rate	rate	NOUN
fbem-26879	194	27	(	(	PUNCT
fbem-26879	194	28	times	time	NOUN
fbem-26879	194	29	)	)	PUNCT
fbem-26879	194	30	three	three	NUM
fbem-26879	194	31	point	point	NOUN
fbem-26879	194	32	three	three	NUM
fbem-26879	194	33	nine	nine	NUM
fbem-26879	194	34	four	four	NUM
fbem-26879	194	35	point	point	NOUN
fbem-26879	194	36	six	six	NUM
fbem-26879	194	37	four	four	NUM
fbem-26879	194	38	fifteen	fifteen	NUM
fbem-26879	194	39	point	point	NOUN
fbem-26879	194	40	three	three	NUM
fbem-26879	194	41	two	two	NUM
fbem-26879	194	42	fifteen	fifteen	NUM
fbem-26879	194	43	point	point	NOUN
fbem-26879	194	44	three	three	NUM
fbem-26879	194	45	six	six	NUM
fbem-26879	194	46	seventeen	seventeen	NUM
fbem-26879	194	47	point	point	NOUN
fbem-26879	194	48	zero	zero	NUM
fbem-26879	194	49	six	six	NUM
fbem-26879	194	50	current	current	ADJ
fbem-26879	194	51	asset	asset	NOUN
fbem-26879	194	52	turnover	turnover	NOUN
fbem-26879	194	53	rate	rate	NOUN
fbem-26879	194	54	(	(	PUNCT
fbem-26879	194	55	times	time	NOUN
fbem-26879	194	56	)	)	PUNCT
fbem-26879	194	57	one	one	NUM
fbem-26879	194	58	point	point	NOUN
fbem-26879	194	59	six	six	NUM
fbem-26879	194	60	five	five	NUM
fbem-26879	194	61	one	one	NUM
fbem-26879	194	62	point	point	NOUN
fbem-26879	194	63	four	four	NUM
fbem-26879	194	64	one	one	NUM
fbem-26879	194	65	one	one	NUM
fbem-26879	194	66	point	point	NOUN
fbem-26879	194	67	four	four	NUM
fbem-26879	194	68	one	one	NUM
fbem-26879	194	69	zero	zero	NUM
fbem-26879	194	70	point	point	NOUN
fbem-26879	194	71	nine	nine	NUM
fbem-26879	194	72	six	six	NUM
fbem-26879	194	73	zero	zero	NUM
fbem-26879	194	74	point	point	NOUN
fbem-26879	194	75	eight	eight	NUM
fbem-26879	194	76	two	two	NUM
fbem-26879	194	77	total	total	ADJ
fbem-26879	194	78	asset	asset	NOUN
fbem-26879	194	79	turnover	turnover	NOUN
fbem-26879	194	80	rate	rate	NOUN
fbem-26879	194	81	(	(	PUNCT
fbem-26879	194	82	times	time	NOUN
fbem-26879	194	83	)	)	PUNCT
fbem-26879	194	84	one	one	NUM
fbem-26879	194	85	point	point	NOUN
fbem-26879	194	86	zero	zero	NUM
fbem-26879	194	87	seven	seven	NUM
fbem-26879	194	88	one	one	NUM
fbem-26879	194	89	point	point	NOUN
fbem-26879	194	90	zero	zero	NUM
fbem-26879	194	91	three	three	NUM
fbem-26879	194	92	zero	zero	NUM
fbem-26879	194	93	point	point	NOUN
fbem-26879	194	94	eight	eight	NUM
fbem-26879	194	95	six	six	NUM
fbem-26879	194	96	zero	zero	NUM
fbem-26879	194	97	point	point	NOUN
fbem-26879	194	98	seven	seven	NUM
fbem-26879	194	99	nine	nine	NUM
fbem-26879	194	100	zero	zero	NUM
fbem-26879	194	101	point	point	NOUN
fbem-26879	194	102	seven	seven	NUM
fbem-26879	194	103	four	four	NUM
fbem-26879	194	104	data	datum	NOUN
fbem-26879	194	105	source	source	NOUN
fbem-26879	194	106	:	:	PUNCT
fbem-26879	194	107	meituan	meituan	PROPN
fbem-26879	194	108	company	company	NOUN
fbem-26879	194	109	's	's	PART
fbem-26879	194	110	financial	financial	ADJ
fbem-26879	194	111	report	report	NOUN
fbem-26879	194	112	as	as	SCONJ
fbem-26879	194	113	shown	show	VERB
fbem-26879	194	114	in	in	ADP
fbem-26879	194	115	table	table	NOUN
fbem-26879	194	116	2	2	NUM
fbem-26879	194	117	,	,	PUNCT
fbem-26879	194	118	after	after	ADP
fbem-26879	194	119	the	the	DET
fbem-26879	194	120	acquisition	acquisition	NOUN
fbem-26879	194	121	of	of	ADP
fbem-26879	194	122	dianping	dianping	NOUN
fbem-26879	194	123	,	,	PUNCT
fbem-26879	194	124	meituan	meituan	PROPN
fbem-26879	194	125	's	's	PART
fbem-26879	194	126	accounts	account	NOUN
fbem-26879	194	127	receivable	receivable	ADJ
fbem-26879	194	128	turnover	turnover	NOUN
fbem-26879	194	129	rate	rate	NOUN
fbem-26879	194	130	has	have	AUX
fbem-26879	194	131	improved	improve	VERB
fbem-26879	194	132	.	.	PUNCT
fbem-26879	195	1	bringing	bring	VERB
fbem-26879	195	2	synergies	synergy	NOUN
fbem-26879	195	3	in	in	ADP
fbem-26879	195	4	financial	financial	ADJ
fbem-26879	195	5	management	management	NOUN
fbem-26879	195	6	to	to	ADP
fbem-26879	195	7	meituan	meituan	NOUN
fbem-26879	195	8	and	and	CCONJ
fbem-26879	195	9	enhancing	enhance	VERB
fbem-26879	195	10	the	the	DET
fbem-26879	195	11	competitiveness	competitiveness	NOUN
fbem-26879	195	12	of	of	ADP
fbem-26879	195	13	its	its	PRON
fbem-26879	195	14	products	product	NOUN
fbem-26879	195	15	or	or	CCONJ
fbem-26879	195	16	services	service	NOUN
fbem-26879	195	17	.	.	PUNCT
fbem-26879	196	1	this	this	PRON
fbem-26879	196	2	gives	give	VERB
fbem-26879	196	3	meituan	meituan	NOUN
fbem-26879	196	4	stronger	strong	ADJ
fbem-26879	196	5	control	control	NOUN
fbem-26879	196	6	and	and	CCONJ
fbem-26879	196	7	sales	sale	NOUN
fbem-26879	196	8	capabilities	capability	NOUN
fbem-26879	196	9	in	in	ADP
fbem-26879	196	10	the	the	DET
fbem-26879	196	11	group	group	NOUN
fbem-26879	196	12	buying	buying	NOUN
fbem-26879	196	13	market	market	NOUN
fbem-26879	196	14	,	,	PUNCT
fbem-26879	196	15	thereby	thereby	ADV
fbem-26879	196	16	promoting	promote	VERB
fbem-26879	196	17	the	the	DET
fbem-26879	196	18	growth	growth	NOUN
fbem-26879	196	19	of	of	ADP
fbem-26879	196	20	sales	sale	NOUN
fbem-26879	196	21	revenue	revenue	NOUN
fbem-26879	196	22	.	.	PUNCT
fbem-26879	197	1	analyzing	analyze	VERB
fbem-26879	197	2	the	the	DET
fbem-26879	197	3	total	total	ADJ
fbem-26879	197	4	asset	asset	NOUN
fbem-26879	197	5	turnover	turnover	NOUN
fbem-26879	197	6	rate	rate	NOUN
fbem-26879	197	7	,	,	PUNCT
fbem-26879	197	8	it	it	PRON
fbem-26879	197	9	can	can	AUX
fbem-26879	197	10	be	be	AUX
fbem-26879	197	11	seen	see	VERB
fbem-26879	197	12	that	that	SCONJ
fbem-26879	197	13	the	the	DET
fbem-26879	197	14	total	total	ADJ
fbem-26879	197	15	assets	asset	NOUN
fbem-26879	197	16	of	of	ADP
fbem-26879	197	17	meituan	meituan	PROPN
fbem-26879	197	18	have	have	AUX
fbem-26879	197	19	significantly	significantly	ADV
fbem-26879	197	20	increased	increase	VERB
fbem-26879	197	21	after	after	ADP
fbem-26879	197	22	the	the	DET
fbem-26879	197	23	merger	merger	NOUN
fbem-26879	197	24	.	.	PUNCT
fbem-26879	198	1	however	however	ADV
fbem-26879	198	2	,	,	PUNCT
fbem-26879	198	3	the	the	DET
fbem-26879	198	4	newly	newly	ADV
fbem-26879	198	5	merged	merge	VERB
fbem-26879	198	6	assets	asset	NOUN
fbem-26879	198	7	252	252	NUM
fbem-26879	198	8	have	have	AUX
fbem-26879	198	9	not	not	PART
fbem-26879	198	10	been	be	AUX
fbem-26879	198	11	quickly	quickly	ADV
fbem-26879	198	12	integrated	integrate	VERB
fbem-26879	198	13	with	with	ADP
fbem-26879	198	14	the	the	DET
fbem-26879	198	15	original	original	ADJ
fbem-26879	198	16	business	business	NOUN
fbem-26879	198	17	in	in	ADP
fbem-26879	198	18	terms	term	NOUN
fbem-26879	198	19	of	of	ADP
fbem-26879	198	20	operational	operational	ADJ
fbem-26879	198	21	management	management	NOUN
fbem-26879	198	22	and	and	CCONJ
fbem-26879	198	23	market	market	NOUN
fbem-26879	198	24	positioning	positioning	NOUN
fbem-26879	198	25	,	,	PUNCT
fbem-26879	198	26	and	and	CCONJ
fbem-26879	198	27	the	the	DET
fbem-26879	198	28	internal	internal	ADJ
fbem-26879	198	29	management	management	NOUN
fbem-26879	198	30	processes	process	NOUN
fbem-26879	198	31	of	of	ADP
fbem-26879	198	32	the	the	DET
fbem-26879	198	33	merged	merge	VERB
fbem-26879	198	34	enterprise	enterprise	NOUN
fbem-26879	198	35	need	need	VERB
fbem-26879	198	36	to	to	PART
fbem-26879	198	37	be	be	AUX
fbem-26879	198	38	readjusted	readjust	VERB
fbem-26879	198	39	and	and	CCONJ
fbem-26879	198	40	optimized	optimize	VERB
fbem-26879	198	41	.	.	PUNCT
fbem-26879	199	1	meituan	meituan	PROPN
fbem-26879	199	2	has	have	AUX
fbem-26879	199	3	not	not	PART
fbem-26879	199	4	been	be	AUX
fbem-26879	199	5	able	able	ADJ
fbem-26879	199	6	to	to	PART
fbem-26879	199	7	achieve	achieve	VERB
fbem-26879	199	8	this	this	PRON
fbem-26879	199	9	in	in	ADP
fbem-26879	199	10	a	a	DET
fbem-26879	199	11	timely	timely	ADJ
fbem-26879	199	12	manner	manner	NOUN
fbem-26879	199	13	,	,	PUNCT
fbem-26879	199	14	resulting	result	VERB
fbem-26879	199	15	in	in	ADP
fbem-26879	199	16	problems	problem	NOUN
fbem-26879	199	17	such	such	ADJ
fbem-26879	199	18	as	as	ADP
fbem-26879	199	19	low	low	ADJ
fbem-26879	199	20	operational	operational	ADJ
fbem-26879	199	21	efficiency	efficiency	NOUN
fbem-26879	199	22	.	.	PUNCT
fbem-26879	200	1	analysis	analysis	NOUN
fbem-26879	200	2	of	of	ADP
fbem-26879	200	3	the	the	DET
fbem-26879	200	4	operational	operational	ADJ
fbem-26879	200	5	capabilities	capability	NOUN
fbem-26879	200	6	of	of	ADP
fbem-26879	200	7	meituan	meituan	NOUN
fbem-26879	200	8	after	after	ADP
fbem-26879	200	9	the	the	DET
fbem-26879	200	10	acquisition	acquisition	NOUN
fbem-26879	200	11	of	of	ADP
fbem-26879	200	12	qianbaobao	qianbaobao	PROPN
fbem-26879	200	13	shows	show	VERB
fbem-26879	200	14	that	that	SCONJ
fbem-26879	200	15	in	in	ADP
fbem-26879	200	16	the	the	DET
fbem-26879	200	17	first	first	ADJ
fbem-26879	200	18	year	year	NOUN
fbem-26879	200	19	after	after	ADP
fbem-26879	200	20	meituan	meituan	PROPN
fbem-26879	200	21	's	's	PART
fbem-26879	200	22	acquisition	acquisition	NOUN
fbem-26879	200	23	of	of	ADP
fbem-26879	200	24	qianbaobao	qianbaobao	PROPN
fbem-26879	200	25	,	,	PUNCT
fbem-26879	200	26	the	the	DET
fbem-26879	200	27	accounts	account	NOUN
fbem-26879	200	28	receivable	receivable	ADJ
fbem-26879	200	29	turnover	turnover	NOUN
fbem-26879	200	30	increased	increase	VERB
fbem-26879	200	31	significantly	significantly	ADV
fbem-26879	200	32	.	.	PUNCT
fbem-26879	201	1	after	after	ADP
fbem-26879	201	2	the	the	DET
fbem-26879	201	3	acquisition	acquisition	NOUN
fbem-26879	201	4	,	,	PUNCT
fbem-26879	201	5	meituan	meituan	PROPN
fbem-26879	201	6	obtained	obtain	VERB
fbem-26879	201	7	a	a	DET
fbem-26879	201	8	payment	payment	NOUN
fbem-26879	201	9	license	license	NOUN
fbem-26879	201	10	,	,	PUNCT
fbem-26879	201	11	changed	change	VERB
fbem-26879	201	12	customer	customer	NOUN
fbem-26879	201	13	payment	payment	NOUN
fbem-26879	201	14	channels	channel	NOUN
fbem-26879	201	15	,	,	PUNCT
fbem-26879	201	16	and	and	CCONJ
fbem-26879	201	17	fought	fight	VERB
fbem-26879	201	18	for	for	ADP
fbem-26879	201	19	more	more	ADV
fbem-26879	201	20	favorable	favorable	ADJ
fbem-26879	201	21	payment	payment	NOUN
fbem-26879	201	22	terms	term	NOUN
fbem-26879	201	23	.	.	PUNCT
fbem-26879	202	1	meituan	meituan	PROPN
fbem-26879	202	2	's	's	PART
fbem-26879	202	3	bargaining	bargaining	NOUN
fbem-26879	202	4	power	power	NOUN
fbem-26879	202	5	improved	improve	VERB
fbem-26879	202	6	and	and	CCONJ
fbem-26879	202	7	the	the	DET
fbem-26879	202	8	accounts	account	NOUN
fbem-26879	202	9	receivable	receivable	ADJ
fbem-26879	202	10	turnover	turnover	NOUN
fbem-26879	202	11	rate	rate	NOUN
fbem-26879	202	12	increased	increase	VERB
fbem-26879	202	13	.	.	PUNCT
fbem-26879	203	1	and	and	CCONJ
fbem-26879	203	2	qianbaobao	qianbaobao	PROPN
fbem-26879	203	3	is	be	AUX
fbem-26879	203	4	engaged	engage	VERB
fbem-26879	203	5	in	in	ADP
fbem-26879	203	6	third	third	ADJ
fbem-26879	203	7	-	-	PUNCT
fbem-26879	203	8	party	party	NOUN
fbem-26879	203	9	payment	payment	NOUN
fbem-26879	203	10	business	business	NOUN
fbem-26879	203	11	,	,	PUNCT
fbem-26879	203	12	which	which	PRON
fbem-26879	203	13	can	can	AUX
fbem-26879	203	14	effectively	effectively	ADV
fbem-26879	203	15	manage	manage	VERB
fbem-26879	203	16	meituan	meituan	PROPN
fbem-26879	203	17	's	's	PART
fbem-26879	203	18	accounts	account	NOUN
fbem-26879	203	19	receivable	receivable	ADJ
fbem-26879	203	20	and	and	CCONJ
fbem-26879	203	21	achieve	achieve	VERB
fbem-26879	203	22	synergy	synergy	NOUN
fbem-26879	203	23	in	in	ADP
fbem-26879	203	24	business	business	NOUN
fbem-26879	203	25	management	management	NOUN
fbem-26879	203	26	.	.	PUNCT
fbem-26879	204	1	however	however	ADV
fbem-26879	204	2	,	,	PUNCT
fbem-26879	204	3	meituan	meituan	PROPN
fbem-26879	204	4	's	's	PART
fbem-26879	204	5	excessive	excessive	ADJ
fbem-26879	204	6	investment	investment	NOUN
fbem-26879	204	7	and	and	CCONJ
fbem-26879	204	8	high	high	ADJ
fbem-26879	204	9	costs	cost	NOUN
fbem-26879	204	10	in	in	ADP
fbem-26879	204	11	business	business	NOUN
fbem-26879	204	12	expansion	expansion	NOUN
fbem-26879	204	13	have	have	AUX
fbem-26879	204	14	made	make	VERB
fbem-26879	204	15	it	it	PRON
fbem-26879	204	16	difficult	difficult	ADJ
fbem-26879	204	17	for	for	SCONJ
fbem-26879	204	18	the	the	DET
fbem-26879	204	19	company	company	NOUN
fbem-26879	204	20	to	to	PART
fbem-26879	204	21	fully	fully	ADV
fbem-26879	204	22	keep	keep	VERB
fbem-26879	204	23	up	up	ADP
fbem-26879	204	24	with	with	ADP
fbem-26879	204	25	the	the	DET
fbem-26879	204	26	operational	operational	ADJ
fbem-26879	204	27	efficiency	efficiency	NOUN
fbem-26879	204	28	of	of	ADP
fbem-26879	204	29	its	its	PRON
fbem-26879	204	30	assets	asset	NOUN
fbem-26879	204	31	,	,	PUNCT
fbem-26879	204	32	affecting	affect	VERB
fbem-26879	204	33	asset	asset	NOUN
fbem-26879	204	34	turnover	turnover	NOUN
fbem-26879	204	35	.	.	PUNCT
fbem-26879	205	1	meituan	meituan	PROPN
fbem-26879	205	2	's	's	PART
fbem-26879	205	3	acquisition	acquisition	NOUN
fbem-26879	205	4	of	of	ADP
fbem-26879	205	5	mobike	mobike	NOUN
fbem-26879	205	6	did	do	AUX
fbem-26879	205	7	not	not	PART
fbem-26879	205	8	show	show	VERB
fbem-26879	205	9	significant	significant	ADJ
fbem-26879	205	10	fluctuations	fluctuation	NOUN
fbem-26879	205	11	in	in	ADP
fbem-26879	205	12	other	other	ADJ
fbem-26879	205	13	indicators	indicator	NOUN
fbem-26879	205	14	,	,	PUNCT
fbem-26879	205	15	except	except	SCONJ
fbem-26879	205	16	for	for	ADP
fbem-26879	205	17	a	a	DET
fbem-26879	205	18	decrease	decrease	NOUN
fbem-26879	205	19	in	in	ADP
fbem-26879	205	20	current	current	ADJ
fbem-26879	205	21	asset	asset	NOUN
fbem-26879	205	22	turnover	turnover	NOUN
fbem-26879	205	23	.	.	PUNCT
fbem-26879	206	1	the	the	DET
fbem-26879	206	2	main	main	ADJ
fbem-26879	206	3	reason	reason	NOUN
fbem-26879	206	4	for	for	ADP
fbem-26879	206	5	the	the	DET
fbem-26879	206	6	decrease	decrease	NOUN
fbem-26879	206	7	in	in	ADP
fbem-26879	206	8	the	the	DET
fbem-26879	206	9	turnover	turnover	NOUN
fbem-26879	206	10	rate	rate	NOUN
fbem-26879	206	11	of	of	ADP
fbem-26879	206	12	current	current	ADJ
fbem-26879	206	13	assets	asset	NOUN
fbem-26879	206	14	in	in	ADP
fbem-26879	206	15	2018	2018	NUM
fbem-26879	206	16	is	be	AUX
fbem-26879	206	17	that	that	SCONJ
fbem-26879	206	18	a	a	DET
fbem-26879	206	19	large	large	ADJ
fbem-26879	206	20	amount	amount	NOUN
fbem-26879	206	21	of	of	ADP
fbem-26879	206	22	funds	fund	NOUN
fbem-26879	206	23	was	be	AUX
fbem-26879	206	24	invested	invest	VERB
fbem-26879	206	25	in	in	ADP
fbem-26879	206	26	mergers	merger	NOUN
fbem-26879	206	27	and	and	CCONJ
fbem-26879	206	28	acquisitions	acquisition	NOUN
fbem-26879	206	29	,	,	PUNCT
fbem-26879	206	30	leading	lead	VERB
fbem-26879	206	31	to	to	ADP
fbem-26879	206	32	an	an	DET
fbem-26879	206	33	increase	increase	NOUN
fbem-26879	206	34	in	in	ADP
fbem-26879	206	35	corporate	corporate	ADJ
fbem-26879	206	36	liabilities	liability	NOUN
fbem-26879	206	37	and	and	CCONJ
fbem-26879	206	38	poor	poor	ADJ
fbem-26879	206	39	asset	asset	NOUN
fbem-26879	206	40	turnover	turnover	NOUN
fbem-26879	206	41	.	.	PUNCT
fbem-26879	207	1	the	the	DET
fbem-26879	207	2	accounts	account	NOUN
fbem-26879	207	3	receivable	receivable	ADJ
fbem-26879	207	4	turnover	turnover	NOUN
fbem-26879	207	5	rate	rate	NOUN
fbem-26879	207	6	of	of	ADP
fbem-26879	207	7	the	the	DET
fbem-26879	207	8	company	company	NOUN
fbem-26879	207	9	in	in	ADP
fbem-26879	207	10	2019	2019	NUM
fbem-26879	207	11	was	be	AUX
fbem-26879	207	12	17.06	17.06	NUM
fbem-26879	207	13	,	,	PUNCT
fbem-26879	207	14	with	with	ADP
fbem-26879	207	15	a	a	DET
fbem-26879	207	16	rebound	rebound	NOUN
fbem-26879	207	17	in	in	ADP
fbem-26879	207	18	value	value	NOUN
fbem-26879	207	19	,	,	PUNCT
fbem-26879	207	20	indicating	indicate	VERB
fbem-26879	207	21	an	an	DET
fbem-26879	207	22	improvement	improvement	NOUN
fbem-26879	207	23	in	in	ADP
fbem-26879	207	24	asset	asset	NOUN
fbem-26879	207	25	utilization	utilization	NOUN
fbem-26879	207	26	efficiency	efficiency	NOUN
fbem-26879	207	27	and	and	CCONJ
fbem-26879	207	28	capital	capital	NOUN
fbem-26879	207	29	turnover	turnover	NOUN
fbem-26879	207	30	status	status	NOUN
fbem-26879	207	31	after	after	ADP
fbem-26879	207	32	the	the	DET
fbem-26879	207	33	merger	merger	NOUN
fbem-26879	207	34	and	and	CCONJ
fbem-26879	207	35	acquisition	acquisition	NOUN
fbem-26879	207	36	.	.	PUNCT
fbem-26879	208	1	the	the	DET
fbem-26879	208	2	high	high	ADJ
fbem-26879	208	3	debt	debt	NOUN
fbem-26879	208	4	burden	burden	NOUN
fbem-26879	208	5	borne	bear	VERB
fbem-26879	208	6	by	by	ADP
fbem-26879	208	7	meituan	meituan	NOUN
fbem-26879	208	8	on	on	ADP
fbem-26879	208	9	behalf	behalf	NOUN
fbem-26879	208	10	of	of	ADP
fbem-26879	208	11	mobike	mobike	NOUN
fbem-26879	208	12	resulted	result	VERB
fbem-26879	208	13	in	in	ADP
fbem-26879	208	14	a	a	DET
fbem-26879	208	15	continuous	continuous	ADJ
fbem-26879	208	16	decrease	decrease	NOUN
fbem-26879	208	17	in	in	ADP
fbem-26879	208	18	meituan	meituan	PROPN
fbem-26879	208	19	's	's	PART
fbem-26879	208	20	current	current	ADJ
fbem-26879	208	21	asset	asset	NOUN
fbem-26879	208	22	turnover	turnover	NOUN
fbem-26879	208	23	rate	rate	NOUN
fbem-26879	208	24	in	in	ADP
fbem-26879	208	25	2019	2019	NUM
fbem-26879	208	26	,	,	PUNCT
fbem-26879	208	27	which	which	PRON
fbem-26879	208	28	also	also	ADV
fbem-26879	208	29	affected	affect	VERB
fbem-26879	208	30	the	the	DET
fbem-26879	208	31	total	total	ADJ
fbem-26879	208	32	asset	asset	NOUN
fbem-26879	208	33	turnover	turnover	NOUN
fbem-26879	208	34	rate	rate	NOUN
fbem-26879	208	35	,	,	PUNCT
fbem-26879	208	36	causing	cause	VERB
fbem-26879	208	37	a	a	DET
fbem-26879	208	38	decline	decline	NOUN
fbem-26879	208	39	in	in	ADP
fbem-26879	208	40	2018	2018	NUM
fbem-26879	208	41	and	and	CCONJ
fbem-26879	208	42	2019	2019	NUM
fbem-26879	208	43	.	.	PUNCT
fbem-26879	209	1	4.1.3	4.1.3	X
fbem-26879	209	2	.	.	PUNCT
fbem-26879	209	3	debt	debt	NOUN
fbem-26879	209	4	paying	pay	VERB
fbem-26879	209	5	ability	ability	NOUN
fbem-26879	209	6	debt	debt	NOUN
fbem-26879	209	7	paying	pay	VERB
fbem-26879	209	8	ability	ability	NOUN
fbem-26879	209	9	refers	refer	VERB
fbem-26879	209	10	to	to	ADP
fbem-26879	209	11	the	the	DET
fbem-26879	209	12	ability	ability	NOUN
fbem-26879	209	13	of	of	ADP
fbem-26879	209	14	a	a	DET
fbem-26879	209	15	company	company	NOUN
fbem-26879	209	16	to	to	PART
fbem-26879	209	17	repay	repay	VERB
fbem-26879	209	18	various	various	ADJ
fbem-26879	209	19	maturing	mature	VERB
fbem-26879	209	20	debts	debt	NOUN
fbem-26879	209	21	.	.	PUNCT
fbem-26879	210	1	we	we	PRON
fbem-26879	210	2	will	will	AUX
fbem-26879	210	3	now	now	ADV
fbem-26879	210	4	select	select	VERB
fbem-26879	210	5	the	the	DET
fbem-26879	210	6	current	current	ADJ
fbem-26879	210	7	ratio	ratio	NOUN
fbem-26879	210	8	,	,	PUNCT
fbem-26879	210	9	cash	cash	NOUN
fbem-26879	210	10	ratio	ratio	NOUN
fbem-26879	210	11	,	,	PUNCT
fbem-26879	210	12	and	and	CCONJ
fbem-26879	210	13	asset	asset	NOUN
fbem-26879	210	14	liability	liability	NOUN
fbem-26879	210	15	ratio	ratio	NOUN
fbem-26879	210	16	of	of	ADP
fbem-26879	210	17	meituan	meituan	NOUN
fbem-26879	210	18	after	after	SCONJ
fbem-26879	210	19	the	the	DET
fbem-26879	210	20	merger	merger	NOUN
fbem-26879	210	21	to	to	PART
fbem-26879	210	22	measure	measure	VERB
fbem-26879	210	23	the	the	DET
fbem-26879	210	24	company	company	NOUN
fbem-26879	210	25	's	's	PART
fbem-26879	210	26	debt	debt	NOUN
fbem-26879	210	27	paying	pay	VERB
fbem-26879	210	28	ability	ability	NOUN
fbem-26879	210	29	.	.	PUNCT
fbem-26879	211	1	the	the	DET
fbem-26879	211	2	specific	specific	ADJ
fbem-26879	211	3	data	datum	NOUN
fbem-26879	211	4	is	be	AUX
fbem-26879	211	5	shown	show	VERB
fbem-26879	211	6	in	in	ADP
fbem-26879	211	7	table	table	NOUN
fbem-26879	211	8	3	3	NUM
fbem-26879	211	9	.	.	PUNCT
fbem-26879	211	10	table	table	NOUN
fbem-26879	211	11	3	3	NUM
fbem-26879	211	12	.	.	PUNCT
fbem-26879	211	13	debt	debt	NOUN
fbem-26879	211	14	repayment	repayment	NOUN
fbem-26879	211	15	capability	capability	NOUN
fbem-26879	211	16	indicators	indicator	NOUN
fbem-26879	211	17	of	of	ADP
fbem-26879	211	18	meituan	meituan	PROPN
fbem-26879	211	19	2015	2015	NUM
fbem-26879	211	20	2016	2016	NUM
fbem-26879	211	21	2017	2017	NUM
fbem-26879	211	22	2018	2018	NUM
fbem-26879	211	23	2019	2019	NUM
fbem-26879	211	24	current	current	ADJ
fbem-26879	211	25	ratio	ratio	NOUN
fbem-26879	211	26	two	two	NUM
fbem-26879	211	27	point	point	NOUN
fbem-26879	211	28	one	one	NUM
fbem-26879	211	29	three	three	NUM
fbem-26879	211	30	one	one	NUM
fbem-26879	211	31	point	point	NOUN
fbem-26879	212	1	eight	eight	NUM
fbem-26879	212	2	nine	nine	NUM
fbem-26879	212	3	two	two	NUM
fbem-26879	212	4	point	point	NOUN
fbem-26879	212	5	six	six	NUM
fbem-26879	212	6	five	five	NUM
fbem-26879	212	7	two	two	NUM
fbem-26879	212	8	point	point	NOUN
fbem-26879	212	9	two	two	NUM
fbem-26879	212	10	nine	nine	NUM
fbem-26879	212	11	two	two	NUM
fbem-26879	212	12	point	point	NOUN
fbem-26879	212	13	two	two	NUM
fbem-26879	212	14	five	five	NUM
fbem-26879	212	15	cash	cash	NOUN
fbem-26879	212	16	ratio	ratio	NOUN
fbem-26879	212	17	one	one	NUM
fbem-26879	212	18	point	point	NOUN
fbem-26879	212	19	six	six	NUM
fbem-26879	212	20	four	four	NUM
fbem-26879	212	21	zero	zero	NUM
fbem-26879	212	22	point	point	NOUN
fbem-26879	212	23	seven	seven	NUM
fbem-26879	212	24	five	five	NUM
fbem-26879	212	25	zero	zero	NUM
fbem-26879	212	26	point	point	NOUN
fbem-26879	212	27	nine	nine	NUM
fbem-26879	212	28	five	five	NUM
fbem-26879	212	29	zero	zero	NUM
fbem-26879	212	30	point	point	NOUN
fbem-26879	212	31	five	five	NUM
fbem-26879	212	32	four	four	NUM
fbem-26879	212	33	zero	zero	NUM
fbem-26879	212	34	point	point	NOUN
fbem-26879	212	35	three	three	NUM
fbem-26879	212	36	seven	seven	NUM
fbem-26879	212	37	asset	asset	NOUN
fbem-26879	212	38	liability	liability	NOUN
fbem-26879	212	39	ratio	ratio	NOUN
fbem-26879	212	40	one	one	NUM
fbem-26879	212	41	point	point	NOUN
fbem-26879	212	42	four	four	NUM
fbem-26879	212	43	one	one	NUM
fbem-26879	212	44	one	one	NUM
fbem-26879	212	45	point	point	NOUN
fbem-26879	212	46	four	four	NUM
fbem-26879	212	47	nine	nine	NUM
fbem-26879	212	48	one	one	NUM
fbem-26879	212	49	point	point	NOUN
fbem-26879	212	50	four	four	NUM
fbem-26879	212	51	eight	eight	NUM
fbem-26879	212	52	zero	zero	NUM
fbem-26879	212	53	point	point	NOUN
fbem-26879	212	54	two	two	NUM
fbem-26879	212	55	eight	eight	NUM
fbem-26879	212	56	zero	zero	NUM
fbem-26879	212	57	point	point	NOUN
fbem-26879	212	58	three	three	NUM
fbem-26879	212	59	zero	zero	NUM
fbem-26879	212	60	as	as	SCONJ
fbem-26879	212	61	shown	show	VERB
fbem-26879	212	62	in	in	ADP
fbem-26879	212	63	table	table	NOUN
fbem-26879	212	64	3	3	NUM
fbem-26879	212	65	,	,	PUNCT
fbem-26879	212	66	after	after	SCONJ
fbem-26879	212	67	the	the	DET
fbem-26879	212	68	acquisition	acquisition	NOUN
fbem-26879	212	69	of	of	ADP
fbem-26879	212	70	dianping	dianpe	VERB
fbem-26879	212	71	by	by	ADP
fbem-26879	212	72	meituan	meituan	PROPN
fbem-26879	212	73	,	,	PUNCT
fbem-26879	212	74	the	the	DET
fbem-26879	212	75	asset	asset	NOUN
fbem-26879	212	76	liability	liability	NOUN
fbem-26879	212	77	ratio	ratio	NOUN
fbem-26879	212	78	increased	increase	VERB
fbem-26879	212	79	,	,	PUNCT
fbem-26879	212	80	while	while	SCONJ
fbem-26879	212	81	the	the	DET
fbem-26879	212	82	cash	cash	NOUN
fbem-26879	212	83	ratio	ratio	NOUN
fbem-26879	212	84	and	and	CCONJ
fbem-26879	212	85	current	current	ADJ
fbem-26879	212	86	ratio	ratio	NOUN
fbem-26879	212	87	decreased	decrease	VERB
fbem-26879	212	88	in	in	ADP
fbem-26879	212	89	2016	2016	NUM
fbem-26879	212	90	.	.	PUNCT
fbem-26879	213	1	the	the	DET
fbem-26879	213	2	reason	reason	NOUN
fbem-26879	213	3	for	for	ADP
fbem-26879	213	4	this	this	PRON
fbem-26879	213	5	is	be	AUX
fbem-26879	213	6	that	that	SCONJ
fbem-26879	213	7	after	after	ADP
fbem-26879	213	8	the	the	DET
fbem-26879	213	9	merger	merger	NOUN
fbem-26879	213	10	and	and	CCONJ
fbem-26879	213	11	acquisition	acquisition	NOUN
fbem-26879	213	12	,	,	PUNCT
fbem-26879	213	13	meituan	meituan	PROPN
fbem-26879	213	14	integrated	integrate	VERB
fbem-26879	213	15	the	the	DET
fbem-26879	213	16	relevant	relevant	ADJ
fbem-26879	213	17	resources	resource	NOUN
fbem-26879	213	18	of	of	ADP
fbem-26879	213	19	dianping	dianpe	VERB
fbem-26879	213	20	to	to	PART
fbem-26879	213	21	obtain	obtain	VERB
fbem-26879	213	22	synergies	synergy	NOUN
fbem-26879	213	23	,	,	PUNCT
fbem-26879	213	24	which	which	PRON
fbem-26879	213	25	increased	increase	VERB
fbem-26879	213	26	meituan	meituan	PROPN
fbem-26879	213	27	's	's	PART
fbem-26879	213	28	profits	profit	NOUN
fbem-26879	213	29	.	.	PUNCT
fbem-26879	214	1	the	the	DET
fbem-26879	214	2	increased	increase	VERB
fbem-26879	214	3	profits	profit	NOUN
fbem-26879	214	4	can	can	AUX
fbem-26879	214	5	be	be	AUX
fbem-26879	214	6	used	use	VERB
fbem-26879	214	7	to	to	PART
fbem-26879	214	8	repay	repay	VERB
fbem-26879	214	9	debts	debt	NOUN
fbem-26879	214	10	and	and	CCONJ
fbem-26879	214	11	reduce	reduce	VERB
fbem-26879	214	12	the	the	DET
fbem-26879	214	13	asset	asset	NOUN
fbem-26879	214	14	liability	liability	NOUN
fbem-26879	214	15	ratio	ratio	NOUN
fbem-26879	214	16	.	.	PUNCT
fbem-26879	215	1	in	in	ADP
fbem-26879	215	2	the	the	DET
fbem-26879	215	3	process	process	NOUN
fbem-26879	215	4	of	of	ADP
fbem-26879	215	5	acquiring	acquire	VERB
fbem-26879	215	6	dianping	dianping	NOUN
fbem-26879	215	7	,	,	PUNCT
fbem-26879	215	8	meituan	meituan	PROPN
fbem-26879	215	9	needs	need	VERB
fbem-26879	215	10	to	to	PART
fbem-26879	215	11	pay	pay	VERB
fbem-26879	215	12	a	a	DET
fbem-26879	215	13	large	large	ADJ
fbem-26879	215	14	amount	amount	NOUN
fbem-26879	215	15	of	of	ADP
fbem-26879	215	16	cash	cash	NOUN
fbem-26879	215	17	to	to	PART
fbem-26879	215	18	purchase	purchase	VERB
fbem-26879	215	19	equity	equity	NOUN
fbem-26879	215	20	or	or	CCONJ
fbem-26879	215	21	assets	asset	NOUN
fbem-26879	215	22	,	,	PUNCT
fbem-26879	215	23	which	which	PRON
fbem-26879	215	24	directly	directly	ADV
fbem-26879	215	25	leads	lead	VERB
fbem-26879	215	26	to	to	ADP
fbem-26879	215	27	a	a	DET
fbem-26879	215	28	decrease	decrease	NOUN
fbem-26879	215	29	in	in	ADP
fbem-26879	215	30	meituan	meituan	PROPN
fbem-26879	215	31	's	's	PART
fbem-26879	215	32	cash	cash	NOUN
fbem-26879	215	33	reserves	reserve	NOUN
fbem-26879	215	34	and	and	CCONJ
fbem-26879	215	35	a	a	DET
fbem-26879	215	36	decrease	decrease	NOUN
fbem-26879	215	37	in	in	ADP
fbem-26879	215	38	its	its	PRON
fbem-26879	215	39	cash	cash	NOUN
fbem-26879	215	40	ratio	ratio	NOUN
fbem-26879	215	41	.	.	PUNCT
fbem-26879	216	1	after	after	ADP
fbem-26879	216	2	the	the	DET
fbem-26879	216	3	acquisition	acquisition	NOUN
fbem-26879	216	4	of	of	ADP
fbem-26879	216	5	dianping	dianpe	VERB
fbem-26879	216	6	by	by	ADP
fbem-26879	216	7	meituan	meituan	PROPN
fbem-26879	216	8	,	,	PUNCT
fbem-26879	216	9	the	the	DET
fbem-26879	216	10	integration	integration	NOUN
fbem-26879	216	11	of	of	ADP
fbem-26879	216	12	resources	resource	NOUN
fbem-26879	216	13	has	have	AUX
fbem-26879	216	14	prevented	prevent	VERB
fbem-26879	216	15	meituan	meituan	NOUN
fbem-26879	216	16	from	from	ADP
fbem-26879	216	17	timely	timely	ADV
fbem-26879	216	18	repaying	repay	VERB
fbem-26879	216	19	its	its	PRON
fbem-26879	216	20	current	current	ADJ
fbem-26879	216	21	liabilities	liability	NOUN
fbem-26879	216	22	and	and	CCONJ
fbem-26879	216	23	withdrawing	withdraw	VERB
fbem-26879	216	24	funds	fund	NOUN
fbem-26879	216	25	,	,	PUNCT
fbem-26879	216	26	resulting	result	VERB
fbem-26879	216	27	in	in	ADP
fbem-26879	216	28	liquidity	liquidity	NOUN
fbem-26879	216	29	problems	problem	NOUN
fbem-26879	216	30	and	and	CCONJ
fbem-26879	216	31	a	a	DET
fbem-26879	216	32	decrease	decrease	NOUN
fbem-26879	216	33	in	in	ADP
fbem-26879	216	34	its	its	PRON
fbem-26879	216	35	current	current	ADJ
fbem-26879	216	36	ratio	ratio	NOUN
fbem-26879	216	37	.	.	PUNCT
fbem-26879	217	1	in	in	ADP
fbem-26879	217	2	2017	2017	NUM
fbem-26879	217	3	,	,	PUNCT
fbem-26879	217	4	meituan	meituan	PROPN
fbem-26879	217	5	's	's	PART
fbem-26879	217	6	current	current	ADJ
fbem-26879	217	7	ratio	ratio	NOUN
fbem-26879	217	8	,	,	PUNCT
fbem-26879	217	9	cash	cash	NOUN
fbem-26879	217	10	ratio	ratio	NOUN
fbem-26879	217	11	,	,	PUNCT
fbem-26879	217	12	and	and	CCONJ
fbem-26879	217	13	asset	asset	NOUN
fbem-26879	217	14	liability	liability	NOUN
fbem-26879	217	15	ratio	ratio	NOUN
fbem-26879	217	16	all	all	PRON
fbem-26879	217	17	increased	increase	VERB
fbem-26879	217	18	,	,	PUNCT
fbem-26879	217	19	indicating	indicate	VERB
fbem-26879	217	20	that	that	SCONJ
fbem-26879	217	21	the	the	DET
fbem-26879	217	22	acquisition	acquisition	NOUN
fbem-26879	217	23	of	of	ADP
fbem-26879	217	24	qianbaobao	qianbaobao	PROPN
fbem-26879	217	25	by	by	ADP
fbem-26879	217	26	meituan	meituan	PROPN
fbem-26879	217	27	brought	bring	VERB
fbem-26879	217	28	a	a	DET
fbem-26879	217	29	large	large	ADJ
fbem-26879	217	30	amount	amount	NOUN
fbem-26879	217	31	of	of	ADP
fbem-26879	217	32	capital	capital	NOUN
fbem-26879	217	33	injection	injection	NOUN
fbem-26879	217	34	.	.	PUNCT
fbem-26879	218	1	the	the	DET
fbem-26879	218	2	investment	investment	NOUN
fbem-26879	218	3	of	of	ADP
fbem-26879	218	4	sequoia	sequoia	NOUN
fbem-26879	218	5	capital	capital	NOUN
fbem-26879	218	6	enabled	enable	VERB
fbem-26879	218	7	meituan	meituan	PROPN
fbem-26879	218	8	to	to	PART
fbem-26879	218	9	obtain	obtain	VERB
fbem-26879	218	10	sufficient	sufficient	ADJ
fbem-26879	218	11	funds	fund	NOUN
fbem-26879	218	12	,	,	PUNCT
fbem-26879	218	13	which	which	PRON
fbem-26879	218	14	increased	increase	VERB
fbem-26879	218	15	meituan	meituan	PROPN
fbem-26879	218	16	's	's	PART
fbem-26879	218	17	current	current	ADJ
fbem-26879	218	18	ratio	ratio	NOUN
fbem-26879	218	19	and	and	CCONJ
fbem-26879	218	20	cash	cash	NOUN
fbem-26879	218	21	ratio	ratio	NOUN
fbem-26879	218	22	.	.	PUNCT
fbem-26879	219	1	the	the	DET
fbem-26879	219	2	reason	reason	NOUN
fbem-26879	219	3	for	for	ADP
fbem-26879	219	4	the	the	DET
fbem-26879	219	5	increase	increase	NOUN
fbem-26879	219	6	in	in	ADP
fbem-26879	219	7	the	the	DET
fbem-26879	219	8	asset	asset	NOUN
fbem-26879	219	9	liability	liability	NOUN
fbem-26879	219	10	ratio	ratio	NOUN
fbem-26879	219	11	is	be	AUX
fbem-26879	219	12	due	due	ADJ
fbem-26879	219	13	to	to	ADP
fbem-26879	219	14	the	the	DET
fbem-26879	219	15	potential	potential	ADJ
fbem-26879	219	16	debt	debt	NOUN
fbem-26879	219	17	risk	risk	NOUN
fbem-26879	219	18	of	of	ADP
fbem-26879	219	19	qianbaobao	qianbaobao	PROPN
fbem-26879	219	20	.	.	PUNCT
fbem-26879	220	1	after	after	ADP
fbem-26879	220	2	the	the	DET
fbem-26879	220	3	acquisition	acquisition	NOUN
fbem-26879	220	4	of	of	ADP
fbem-26879	220	5	mobike	mobike	NOUN
fbem-26879	220	6	by	by	ADP
fbem-26879	220	7	meituan	meituan	PROPN
fbem-26879	220	8	,	,	PUNCT
fbem-26879	220	9	although	although	SCONJ
fbem-26879	220	10	the	the	DET
fbem-26879	220	11	current	current	ADJ
fbem-26879	220	12	ratio	ratio	NOUN
fbem-26879	220	13	decreased	decrease	VERB
fbem-26879	220	14	,	,	PUNCT
fbem-26879	220	15	the	the	DET
fbem-26879	220	16	value	value	NOUN
fbem-26879	220	17	remained	remain	VERB
fbem-26879	220	18	at	at	ADP
fbem-26879	220	19	around	around	ADV
fbem-26879	220	20	2	2	NUM
fbem-26879	220	21	,	,	PUNCT
fbem-26879	220	22	in	in	ADP
fbem-26879	220	23	a	a	DET
fbem-26879	220	24	good	good	ADJ
fbem-26879	220	25	state	state	NOUN
fbem-26879	220	26	.	.	PUNCT
fbem-26879	221	1	the	the	DET
fbem-26879	221	2	utilization	utilization	NOUN
fbem-26879	221	3	of	of	ADP
fbem-26879	221	4	funds	fund	NOUN
fbem-26879	221	5	after	after	ADP
fbem-26879	221	6	the	the	DET
fbem-26879	221	7	merger	merger	NOUN
fbem-26879	221	8	and	and	CCONJ
fbem-26879	221	9	acquisition	acquisition	NOUN
fbem-26879	221	10	is	be	AUX
fbem-26879	221	11	more	more	ADV
fbem-26879	221	12	reasonable	reasonable	ADJ
fbem-26879	221	13	and	and	CCONJ
fbem-26879	221	14	efficient	efficient	ADJ
fbem-26879	221	15	,	,	PUNCT
fbem-26879	221	16	achieving	achieve	VERB
fbem-26879	221	17	synergies	synergy	NOUN
fbem-26879	221	18	.	.	PUNCT
fbem-26879	222	1	in	in	ADP
fbem-26879	222	2	addition	addition	NOUN
fbem-26879	222	3	,	,	PUNCT
fbem-26879	222	4	meituan	meituan	PROPN
fbem-26879	222	5	has	have	AUX
fbem-26879	222	6	improved	improve	VERB
fbem-26879	222	7	operational	operational	ADJ
fbem-26879	222	8	efficiency	efficiency	NOUN
fbem-26879	222	9	by	by	ADP
fbem-26879	222	10	integrating	integrate	VERB
fbem-26879	222	11	resources	resource	NOUN
fbem-26879	222	12	and	and	CCONJ
fbem-26879	222	13	optimizing	optimize	VERB
fbem-26879	222	14	management	management	NOUN
fbem-26879	222	15	.	.	PUNCT
fbem-26879	223	1	the	the	DET
fbem-26879	223	2	decrease	decrease	NOUN
fbem-26879	223	3	in	in	ADP
fbem-26879	223	4	cash	cash	NOUN
fbem-26879	223	5	ratio	ratio	NOUN
fbem-26879	223	6	in	in	ADP
fbem-26879	223	7	2018	2018	NUM
fbem-26879	223	8	and	and	CCONJ
fbem-26879	223	9	2019	2019	NUM
fbem-26879	223	10	was	be	AUX
fbem-26879	223	11	due	due	ADJ
fbem-26879	223	12	to	to	ADP
fbem-26879	223	13	debt	debt	NOUN
fbem-26879	223	14	repayment	repayment	NOUN
fbem-26879	223	15	and	and	CCONJ
fbem-26879	223	16	the	the	DET
fbem-26879	223	17	rapid	rapid	ADJ
fbem-26879	223	18	expansion	expansion	NOUN
fbem-26879	223	19	of	of	ADP
fbem-26879	223	20	meituan	meituan	PROPN
fbem-26879	223	21	's	's	PART
fbem-26879	223	22	business	business	NOUN
fbem-26879	223	23	.	.	PUNCT
fbem-26879	224	1	after	after	ADP
fbem-26879	224	2	the	the	DET
fbem-26879	224	3	merger	merger	NOUN
fbem-26879	224	4	,	,	PUNCT
fbem-26879	224	5	meituan	meituan	PROPN
fbem-26879	224	6	's	's	PART
fbem-26879	224	7	asset	asset	NOUN
fbem-26879	224	8	liability	liability	NOUN
fbem-26879	224	9	ratio	ratio	NOUN
fbem-26879	224	10	decreased	decrease	VERB
fbem-26879	224	11	and	and	CCONJ
fbem-26879	224	12	then	then	ADV
fbem-26879	224	13	increased	increase	VERB
fbem-26879	224	14	,	,	PUNCT
fbem-26879	224	15	mainly	mainly	ADV
fbem-26879	224	16	due	due	ADP
fbem-26879	224	17	to	to	ADP
fbem-26879	224	18	mobike	mobike	PROPN
fbem-26879	224	19	's	's	PART
fbem-26879	224	20	travel	travel	NOUN
fbem-26879	224	21	business	business	NOUN
fbem-26879	224	22	allowing	allow	VERB
fbem-26879	224	23	meituan	meituan	NOUN
fbem-26879	224	24	to	to	PART
fbem-26879	224	25	obtain	obtain	VERB
fbem-26879	224	26	shared	shared	ADJ
fbem-26879	224	27	bicycle	bicycle	NOUN
fbem-26879	224	28	deposit	deposit	NOUN
fbem-26879	224	29	income	income	NOUN
fbem-26879	224	30	.	.	PUNCT
fbem-26879	225	1	5	5	X
fbem-26879	225	2	.	.	X
fbem-26879	225	3	research	research	NOUN
fbem-26879	225	4	conclusions	conclusion	NOUN
fbem-26879	225	5	and	and	CCONJ
fbem-26879	225	6	implications	implication	NOUN
fbem-26879	225	7	5.1	5.1	NUM
fbem-26879	225	8	.	.	PUNCT
fbem-26879	226	1	research	research	NOUN
fbem-26879	226	2	conclusion	conclusion	NOUN
fbem-26879	226	3	this	this	DET
fbem-26879	226	4	article	article	NOUN
fbem-26879	226	5	uses	use	VERB
fbem-26879	226	6	financial	financial	ADJ
fbem-26879	226	7	indicator	indicator	NOUN
fbem-26879	226	8	method	method	NOUN
fbem-26879	226	9	to	to	PART
fbem-26879	226	10	analyze	analyze	VERB
fbem-26879	226	11	the	the	DET
fbem-26879	226	12	financial	financial	ADJ
fbem-26879	226	13	performance	performance	NOUN
fbem-26879	226	14	of	of	ADP
fbem-26879	226	15	meituan	meituan	PROPN
fbem-26879	226	16	,	,	PUNCT
fbem-26879	226	17	mainly	mainly	ADV
fbem-26879	226	18	analyzing	analyze	VERB
fbem-26879	226	19	the	the	DET
fbem-26879	226	20	changes	change	NOUN
fbem-26879	226	21	in	in	ADP
fbem-26879	226	22	meituan	meituan	PROPN
fbem-26879	226	23	's	's	PART
fbem-26879	226	24	profitability	profitability	NOUN
fbem-26879	226	25	,	,	PUNCT
fbem-26879	226	26	operational	operational	ADJ
fbem-26879	226	27	ability	ability	NOUN
fbem-26879	226	28	,	,	PUNCT
fbem-26879	226	29	and	and	CCONJ
fbem-26879	226	30	debt	debt	NOUN
fbem-26879	226	31	paying	pay	VERB
fbem-26879	226	32	ability	ability	NOUN
fbem-26879	226	33	.	.	PUNCT
fbem-26879	227	1	in	in	ADP
fbem-26879	227	2	summary	summary	NOUN
fbem-26879	227	3	,	,	PUNCT
fbem-26879	227	4	meituan	meituan	PROPN
fbem-26879	227	5	has	have	AUX
fbem-26879	227	6	improved	improve	VERB
fbem-26879	227	7	its	its	PRON
fbem-26879	227	8	performance	performance	NOUN
fbem-26879	227	9	through	through	ADP
fbem-26879	227	10	its	its	PRON
fbem-26879	227	11	merger	merger	NOUN
fbem-26879	227	12	and	and	CCONJ
fbem-26879	227	13	acquisition	acquisition	NOUN
fbem-26879	227	14	strategy	strategy	NOUN
fbem-26879	227	15	,	,	PUNCT
fbem-26879	227	16	meeting	meet	VERB
fbem-26879	227	17	its	its	PRON
fbem-26879	227	18	motives	motive	NOUN
fbem-26879	227	19	for	for	ADP
fbem-26879	227	20	mergers	merger	NOUN
fbem-26879	227	21	and	and	CCONJ
fbem-26879	227	22	acquisitions	acquisition	NOUN
fbem-26879	227	23	.	.	PUNCT
fbem-26879	228	1	5.2	5.2	NUM
fbem-26879	228	2	.	.	PUNCT
fbem-26879	228	3	inspiration	inspiration	NOUN
fbem-26879	228	4	5.2.1	5.2.1	NUM
fbem-26879	228	5	.	.	PUNCT
fbem-26879	228	6	carefully	carefully	ADV
fbem-26879	228	7	analyze	analyze	VERB
fbem-26879	228	8	the	the	DET
fbem-26879	228	9	potential	potential	ADJ
fbem-26879	228	10	costs	cost	NOUN
fbem-26879	228	11	and	and	CCONJ
fbem-26879	228	12	benefits	benefit	NOUN
fbem-26879	228	13	of	of	ADP
fbem-26879	228	14	the	the	DET
fbem-26879	228	15	target	target	NOUN
fbem-26879	228	16	company	company	NOUN
fbem-26879	228	17	before	before	SCONJ
fbem-26879	228	18	the	the	DET
fbem-26879	228	19	merger	merger	NOUN
fbem-26879	228	20	and	and	CCONJ
fbem-26879	228	21	acquisition	acquisition	NOUN
fbem-26879	228	22	enterprises	enterprise	NOUN
fbem-26879	228	23	should	should	AUX
fbem-26879	228	24	carefully	carefully	ADV
fbem-26879	228	25	analyze	analyze	VERB
fbem-26879	228	26	the	the	DET
fbem-26879	228	27	potential	potential	ADJ
fbem-26879	228	28	costs	cost	NOUN
fbem-26879	228	29	and	and	CCONJ
fbem-26879	228	30	benefits	benefit	NOUN
fbem-26879	228	31	of	of	ADP
fbem-26879	228	32	the	the	DET
fbem-26879	228	33	enterprise	enterprise	NOUN
fbem-26879	228	34	before	before	ADP
fbem-26879	228	35	mergers	merger	NOUN
fbem-26879	228	36	and	and	CCONJ
fbem-26879	228	37	acquisitions	acquisition	NOUN
fbem-26879	228	38	,	,	PUNCT
fbem-26879	228	39	and	and	CCONJ
fbem-26879	228	40	can	can	AUX
fbem-26879	228	41	not	not	PART
fbem-26879	228	42	be	be	AUX
fbem-26879	228	43	unable	unable	ADJ
fbem-26879	228	44	to	to	PART
fbem-26879	228	45	manage	manage	VERB
fbem-26879	228	46	the	the	DET
fbem-26879	228	47	acquired	acquire	VERB
fbem-26879	228	48	enterprise	enterprise	NOUN
fbem-26879	228	49	reasonably	reasonably	ADV
fbem-26879	228	50	due	due	ADJ
fbem-26879	228	51	to	to	ADP
fbem-26879	228	52	hasty	hasty	ADJ
fbem-26879	228	53	mergers	merger	NOUN
fbem-26879	228	54	and	and	CCONJ
fbem-26879	228	55	acquisitions	acquisition	NOUN
fbem-26879	228	56	.	.	PUNCT
fbem-26879	229	1	5.2.2	5.2.2	NUM
fbem-26879	229	2	.	.	NOUN
fbem-26879	229	3	accurate	accurate	ADJ
fbem-26879	229	4	valuation	valuation	NOUN
fbem-26879	229	5	during	during	ADP
fbem-26879	229	6	mergers	merger	NOUN
fbem-26879	229	7	and	and	CCONJ
fbem-26879	229	8	acquisitions	acquisition	NOUN
fbem-26879	229	9	whether	whether	SCONJ
fbem-26879	229	10	through	through	ADP
fbem-26879	229	11	the	the	DET
fbem-26879	229	12	stock	stock	NOUN
fbem-26879	229	13	market	market	NOUN
fbem-26879	229	14	or	or	CCONJ
fbem-26879	229	15	not	not	PART
fbem-26879	229	16	,	,	PUNCT
fbem-26879	229	17	value	value	NOUN
fbem-26879	229	18	assessment	assessment	NOUN
fbem-26879	229	19	is	be	AUX
fbem-26879	229	20	the	the	DET
fbem-26879	229	21	core	core	NOUN
fbem-26879	229	22	of	of	ADP
fbem-26879	229	23	the	the	DET
fbem-26879	229	24	buyer	buyer	NOUN
fbem-26879	229	25	seller	seller	NOUN
fbem-26879	229	26	competition	competition	NOUN
fbem-26879	229	27	in	in	ADP
fbem-26879	229	28	m&a	m&a	PROPN
fbem-26879	229	29	strategies	strategy	NOUN
fbem-26879	229	30	.	.	PUNCT
fbem-26879	230	1	if	if	SCONJ
fbem-26879	230	2	the	the	DET
fbem-26879	230	3	value	value	NOUN
fbem-26879	230	4	of	of	ADP
fbem-26879	230	5	the	the	DET
fbem-26879	230	6	acquired	acquire	VERB
fbem-26879	230	7	company	company	NOUN
fbem-26879	230	8	can	can	AUX
fbem-26879	230	9	not	not	PART
fbem-26879	230	10	be	be	AUX
fbem-26879	230	11	accurately	accurately	ADV
fbem-26879	230	12	evaluated	evaluate	VERB
fbem-26879	230	13	,	,	PUNCT
fbem-26879	230	14	the	the	DET
fbem-26879	230	15	acquiring	acquire	VERB
fbem-26879	230	16	party	party	NOUN
fbem-26879	230	17	may	may	AUX
fbem-26879	230	18	bear	bear	VERB
fbem-26879	230	19	the	the	DET
fbem-26879	230	20	risk	risk	NOUN
fbem-26879	230	21	of	of	ADP
fbem-26879	230	22	paying	pay	VERB
fbem-26879	230	23	excessive	excessive	ADJ
fbem-26879	230	24	acquisition	acquisition	NOUN
fbem-26879	230	25	fees	fee	NOUN
fbem-26879	230	26	.	.	PUNCT
fbem-26879	231	1	this	this	DET
fbem-26879	231	2	high	high	ADJ
fbem-26879	231	3	cost	cost	NOUN
fbem-26879	231	4	merger	merger	NOUN
fbem-26879	231	5	and	and	CCONJ
fbem-26879	231	6	acquisition	acquisition	NOUN
fbem-26879	231	7	will	will	AUX
fbem-26879	231	8	increase	increase	VERB
fbem-26879	231	9	the	the	DET
fbem-26879	231	10	financial	financial	ADJ
fbem-26879	231	11	burden	burden	NOUN
fbem-26879	231	12	of	of	ADP
fbem-26879	231	13	the	the	DET
fbem-26879	231	14	enterprise	enterprise	NOUN
fbem-26879	231	15	,	,	PUNCT
fbem-26879	231	16	making	make	VERB
fbem-26879	231	17	it	it	PRON
fbem-26879	231	18	face	face	VERB
fbem-26879	231	19	the	the	DET
fbem-26879	231	20	challenge	challenge	NOUN
fbem-26879	231	21	of	of	ADP
fbem-26879	231	22	profitability	profitability	NOUN
fbem-26879	231	23	from	from	ADP
fbem-26879	231	24	the	the	DET
fbem-26879	231	25	beginning	beginning	NOUN
fbem-26879	231	26	of	of	ADP
fbem-26879	231	27	the	the	DET
fbem-26879	231	28	merger	merger	NOUN
fbem-26879	231	29	and	and	CCONJ
fbem-26879	231	30	acquisition	acquisition	NOUN
fbem-26879	231	31	.	.	PUNCT
fbem-26879	232	1	253	253	NUM
fbem-26879	232	2	acknowledgements	acknowledgement	NOUN
fbem-26879	232	3	this	this	DET
fbem-26879	232	4	work	work	NOUN
fbem-26879	232	5	has	have	AUX
fbem-26879	232	6	received	receive	VERB
fbem-26879	232	7	funding	funding	NOUN
fbem-26879	232	8	from	from	ADP
fbem-26879	232	9	the	the	DET
fbem-26879	232	10	undergraduate	undergraduate	NOUN
fbem-26879	232	11	research	research	NOUN
fbem-26879	232	12	and	and	CCONJ
fbem-26879	232	13	innovation	innovation	NOUN
fbem-26879	232	14	fund	fund	NOUN
fbem-26879	232	15	of	of	ADP
fbem-26879	232	16	anhui	anhui	PROPN
fbem-26879	232	17	university	university	PROPN
fbem-26879	232	18	of	of	ADP
fbem-26879	232	19	finance	finance	NOUN
fbem-26879	232	20	and	and	CCONJ
fbem-26879	232	21	economics	economic	NOUN
fbem-26879	232	22	in	in	ADP
fbem-26879	232	23	2024	2024	NUM
fbem-26879	232	24	,	,	PUNCT
fbem-26879	232	25	with	with	ADP
fbem-26879	232	26	project	project	NOUN
fbem-26879	232	27	number	number	NOUN
fbem-26879	232	28	:	:	PUNCT
fbem-26879	232	29	xsky24176	xsky24176	PROPN
fbem-26879	232	30	references	reference	VERB
fbem-26879	232	31	[	[	X
fbem-26879	232	32	1	1	NUM
fbem-26879	232	33	]	]	PUNCT
fbem-26879	232	34	zhang	zhang	PROPN
fbem-26879	232	35	bangqi	bangqi	PROPN
fbem-26879	232	36	performance	performance	NOUN
fbem-26879	232	37	analysis	analysis	NOUN
fbem-26879	232	38	of	of	ADP
fbem-26879	232	39	enterprise	enterprise	NOUN
fbem-26879	232	40	mergers	merger	NOUN
fbem-26879	232	41	and	and	CCONJ
fbem-26879	232	42	acquisitions	acquisition	NOUN
fbem-26879	232	43	from	from	ADP
fbem-26879	232	44	the	the	DET
fbem-26879	232	45	perspective	perspective	NOUN
fbem-26879	232	46	of	of	ADP
fbem-26879	232	47	platform	platform	NOUN
fbem-26879	232	48	economy	economy	NOUN
fbem-26879	233	1	[	[	X
fbem-26879	233	2	d	d	X
fbem-26879	233	3	]	]	X
fbem-26879	233	4	guangdong	guangdong	PROPN
fbem-26879	233	5	university	university	PROPN
fbem-26879	233	6	of	of	ADP
fbem-26879	233	7	foreign	foreign	ADJ
fbem-26879	233	8	studies	study	NOUN
fbem-26879	233	9	,	,	PUNCT
fbem-26879	233	10	2022	2022	NUM
fbem-26879	233	11	[	[	X
fbem-26879	233	12	2	2	NUM
fbem-26879	233	13	]	]	SYM
fbem-26879	233	14	li	li	PROPN
fbem-26879	233	15	qilan	qilan	PROPN
fbem-26879	233	16	research	research	PROPN
fbem-26879	233	17	on	on	ADP
fbem-26879	233	18	m&a	m&a	PROPN
fbem-26879	233	19	motivation	motivation	NOUN
fbem-26879	233	20	and	and	CCONJ
fbem-26879	233	21	performance	performance	NOUN
fbem-26879	233	22	of	of	ADP
fbem-26879	233	23	internet	internet	NOUN
fbem-26879	233	24	enterprises	enterprise	NOUN
fbem-26879	233	25	[	[	X
fbem-26879	233	26	d	d	X
fbem-26879	233	27	]	]	X
fbem-26879	233	28	sichuan	sichuan	PROPN
fbem-26879	233	29	normal	normal	ADJ
fbem-26879	233	30	university	university	NOUN
fbem-26879	233	31	,	,	PUNCT
fbem-26879	233	32	2022	2022	NUM
fbem-26879	234	1	[	[	X
fbem-26879	234	2	3	3	X
fbem-26879	234	3	]	]	X
fbem-26879	234	4	lu	lu	PROPN
fbem-26879	234	5	yanhui	yanhui	PROPN
fbem-26879	234	6	research	research	NOUN
fbem-26879	234	7	on	on	ADP
fbem-26879	234	8	the	the	DET
fbem-26879	234	9	motivation	motivation	NOUN
fbem-26879	234	10	and	and	CCONJ
fbem-26879	234	11	risk	risk	NOUN
fbem-26879	234	12	of	of	ADP
fbem-26879	234	13	m&a	m&a	PROPN
fbem-26879	234	14	of	of	ADP
fbem-26879	234	15	internet	internet	NOUN
fbem-26879	234	16	platform	platform	NOUN
fbem-26879	234	17	enterprises	enterprise	NOUN
fbem-26879	235	1	[	[	X
fbem-26879	235	2	d	d	X
fbem-26879	235	3	]	]	X
fbem-26879	235	4	tianjin	tianjin	PROPN
fbem-26879	235	5	university	university	PROPN
fbem-26879	235	6	of	of	ADP
fbem-26879	235	7	finance	finance	NOUN
fbem-26879	235	8	and	and	CCONJ
fbem-26879	235	9	economics	economic	NOUN
fbem-26879	235	10	,	,	PUNCT
fbem-26879	235	11	2017	2017	NUM
fbem-26879	235	12	[	[	SYM
fbem-26879	235	13	4	4	NUM
fbem-26879	235	14	]	]	X
fbem-26879	235	15	jahidur	jahidur	PROPN
fbem-26879	235	16	r	r	PROPN
fbem-26879	235	17	,	,	PUNCT
fbem-26879	235	18	jiani	jiani	PROPN
fbem-26879	235	19	w.	w.	PROPN
fbem-26879	235	20	m&a	m&a	PROPN
fbem-26879	235	21	activity	activity	NOUN
fbem-26879	235	22	and	and	CCONJ
fbem-26879	235	23	esg	esg	NOUN
fbem-26879	235	24	performance	performance	NOUN
fbem-26879	235	25	:	:	PUNCT
fbem-26879	235	26	evidence	evidence	NOUN
fbem-26879	235	27	from	from	ADP
fbem-26879	235	28	china	china	PROPN
fbem-26879	236	1	[	[	X
fbem-26879	236	2	j	j	X
fbem-26879	236	3	]	]	X
fbem-26879	236	4	.	.	PUNCT
fbem-26879	237	1	managerial	managerial	ADJ
fbem-26879	237	2	finance	finance	NOUN
fbem-26879	237	3	,	,	PUNCT
fbem-26879	237	4	2024	2024	NUM
fbem-26879	237	5	,	,	PUNCT
fbem-26879	237	6	50(1):179197	50(1):179197	NUM
fbem-26879	237	7	.	.	PUNCT