Meituan

Meituan
Meituan logo with name in English
Type of businessPublic
Available inChinese
Traded as
FoundedMay 2010 (2010-05)
HeadquartersBeijing, China
No. of locations1000+
Area servedChina
Founder(s)Wang Xing
Key peopleWang Xing, Fu Lihui, Mu Rongjun, Liang Foxing, Chen Mei Wah
IndustryInternet company
ServicesVoucher selling
RevenueIncrease CN¥179.128 billion (US$27.77 billion, 2021)[1]
Employees46,662 (until April 30, 2018)
SubsidiariesDianPing
Mobike
Shanghai Han Tao Information Consultation Co. Ltd.
Chongqing Sankuai Micro-credit Co., Ltd
Inspire Elite Investments Limited
Beijing Kuxun Interactive Technology Co., Ltd.
Mobike (Beijing) Information Technology Co., Ltd
BeyondHost Technology
Hucheng Information Technology (Shanghai) Co., Ltd.
Beijing Kuxun Interation Technology Co. Ltd
Beijing Sankuai Cloud Computing Technology Co., Ltd.
Meituan Corp
Tianjin Wanlong Technology Co., Ltd
Qiandai (Beijing) Information Technology Co. Ltd.
Inspired Elite Investment Limited
Haizi Xuesha
Tianjin Xiaoyi Technology Co., Ltd
Sankuai Cloud Online (Beijing) Technology Co., Ltd
Shanghai Sankuai Zhisong Technology Co., Ltd
Shenzhen Sankuai Online Technology Co., Ltd,
Tianjin Sankuai Technology Co. Ltd.
Xiamen Sankuai Online Technology Co., Ltd
Shanghai Juzuo Technology Co., Ltd
URLwww.meituan.com Edit this at Wikidata
AdvertisingYes
LaunchedMarch 29, 2009; 15 years ago (2009-03-29)
Current statusActive

Meituan (Chinese: 美团; pinyin: Měituán, literally "beautiful group"; formerly Meituan–Dianping, literally "beautiful group–reviews") is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services.[2] The company is headquartered in Beijing and was founded in 2010 by Wang Xing.

The company operates different apps and websites for different services. The Meituan site offers deals of the day by selling vouchers on local services and entertainment. By May 2014, the company had 5,000 employees.[3] In 2015, Meituan merged with Dazhong Dianping and changed its name to "Meituan-Dianping".[4] dianping.com (大众点评网 Dàzhòng diǎnpíng wǎng, literally "public reviews net") hosts consumer reviews of restaurants, similar to Yelp and TripAdvisor,[5] and also offers group buying similar to Groupon. Meituan-Dianping is one of the world's largest online and on-demand delivery platforms.[6] It has over 290 million monthly active users and 600 million registered users as of April 2018.[7] In Q2 2021, GTV of Meituan food delivery business increased by 59.5% year over year. The daily average number of food delivery transactions increased by 58.9% year over year to 38.9 million.[8]

  1. ^ "ANNOUNCEMENT OF THE RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021" (PDF). Retrieved March 25, 2022.
  2. ^ "Meituan Dianping - Company Profile and News". Bloomberg. Retrieved August 4, 2020.
  3. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  4. ^ Browning, Jonathan; Chen, Lulu Yilun (October 7, 2015). "China's Meituan Agrees to $15 Billion Dianping Merger". Bloomberg.com. Retrieved July 21, 2018.
  5. ^ Chinese local review site Dianping: A lot more than a "Yelp for China"
  6. ^ "Meituan-Dianping Becomes the First Worldwide On-Demand Delivery Platform to Process More Than 10 Million Orders and Deliveries Per Day". Archived from the original on June 15, 2017. Retrieved April 2, 2017.
  7. ^ Windsor, Richard. "Meituan-Dianping: Finally, A Chinese Tech IPO With Some Value". Forbes. Retrieved February 22, 2019.
  8. ^ "Meituan revenues up 77% in Q2 2021, exceeding 628 million paying users". China Internet Watch. August 30, 2021. Retrieved November 24, 2021.