Meituan.com
The mission of Meituan Dianping is “We help people eat better, live better”. As China’s leading e-commerce platform for services, Meituan operates well-known mobile apps in China, including Meituan, Dianping, Meituan Waimai, Meituan Dache, Mobike and others. Meituan offers over 200 service categories, including catering, on-demand delivery, car-hailing, bike-sharing, hotel and travel booking, movie ticketing, and other entertainment and lifestyle services, and covers 2800 cities and counties across China. The total transaction amount of Meituan reached RMB 5156.4 billion in the end of 2018, with an increase of 44.3% over the same period of last year. The total annual numbers of transaction users and active online merchants of Meituan reached 400 million and 5.8 million respectively in the past 12 months as of December 31, 2018.
Meituan Dianping (stock code: 3690.HK) was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited(HKEX) on September 20, 2018.
With “eating” as its core business, Meituan is focusing on its “Food + Platform” strategy to build a multi-level technology service platform, covering the whole process from demand to supply in people’s daily lives. Meanwhile, Meituan is striving to become a socially-responsible enterprise, with the goal to build smart cities and create a better life for people through the in-depth cooperation with government organizations, colleges and universities and research institutes, mainstream media, non-profit organizations and ecosystem partners.
Launched on the 4th of March, 2010, the company raised a total of $50 million from Alibaba. According to China E-commerce Research Center, Meituan’s transaction volume reached $860 million in the first six months of 2013.
Meituan is currently China’s largest group buying site by gross merchandise volume (GMV). It sees 20 million daily mobile users in over 1,000 cities. Meituan originally focused on group discounts, similar to Groupon, but it now also functions as a marketplace for services from local vendors, including hotels, restaurants, and entertainment venues. It is also one of China’s earliest group buying sites.
