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"Combining the companies that started it all will mean that two trail-blazing startups have become a clear global leader," Grubhub CEO Matt Maloney said in a statement.

"China's internet development has been an indisputable success. China's homegrown tech juggernauts, including 'BAT' or the top three firms, Baidu, Alibaba and Tencent, are undisputed leaders. A fleet of startups, such as Didi, Bytedance and Pinduoduo, have joined China's internet ecosystem and provided Chinese users with a whole package of leading services," Gambardella said.

"Chinese companies are growing fast thanks to the country's reform and opening-up, which has led to increasingly rich and diversified corporate financial demands. Foreign banks can play a bigger role during the process," she said.

"Crawfish, hot dry noodles, barbecue and hotpot are the favorites of local residents. Crawfish restaurants saw their food delivery orders surge 11 times higher than the previous week," Meituan Dianping said.

"China's legal system governing foreign investment has been keeping pace with changes on the ground. In particular, we need to introduce the system of pre-establishment national treatment and negative list for foreign investment. Such new strategic goals naturally call for the commensurate improvement of the country's legal system," said Li.