Meituan
Categories
#105
Rank
$150.71B
Marketcap
China
Country
Mr. Rongjun Mu (Co-Founder, Sr. VP & Exec. Director)
Mr. Huiwen Wang (Co-Founder & Exec. Director)
Retail and Consumer Goods
Summary
Meituan is a Chinese multinational technology company that was founded in 2010 as a group-buying website for local food and beverage businesses. Over time, the company has expanded its services to include online ordering and delivery of food, groceries, and other goods; hotel and travel booking; bike-sharing; and other lifestyle services.
With over 500 million active users and 6.3 million merchants, Meituan is one of the world's largest online and on-demand delivery platforms. The company operates primarily in China but has also expanded into other markets in Asia, including Hong Kong, Macau, Taiwan, and Southeast Asia.
Meituan is known for using cutting-edge technologies such as artificial intelligence and big data to improve its services and enhance the overall customer experience. The company is committed to reducing waste in the delivery and logistics industry and improving efficiency through technology.
In addition to its core business, Meituan has also invested in other areas such as autonomous delivery vehicles, cloud kitchens, and smart retail. The company is considered one of the most valuable startups in the world and has received numerous awards for its innovative business model and technological achievements.
History
Meituan was founded in 2010 by Wang Xing as a group-buying website for local food and beverage businesses in China. The company quickly became popular and expanded to offer other services such as movie ticketing, hotel booking, and travel services.
In 2015, Meituan merged with Dianping, another Chinese group-buying platform, to form Meituan-Dianping. The new company continued to expand its services and became one of the largest on-demand service providers in China.
In 2018, Meituan-Dianping completed a successful initial public offering (IPO) on the Hong Kong Stock Exchange, raising over $4 billion. The company then changed its name back to Meituan.
Since then, Meituan has continued to expand its services and reach. In 2019, the company acquired Mobike, a bike-sharing company, and launched a new platform for agricultural products. Meituan has also invested in other areas such as autonomous delivery vehicles, cloud kitchens, and smart retail.
Today, Meituan is one of the world's largest online and on-demand delivery platforms, with over 500 million active users and 6.3 million merchants. The company is known for using cutting-edge technologies to improve its services and reduce waste in the delivery and logistics industry.
Mission
Meituan's mission is to "help people eat better, live better." The company aims to use technology to improve people's daily lives by providing convenient and efficient services such as online ordering and delivery of food, groceries, and other goods; hotel and travel booking; bike-sharing; and other lifestyle services.
Meituan is committed to using its platform to help local merchants and businesses grow and thrive. The company's vision is to create a "new era of service," where technology is used to improve efficiency and reduce waste in the delivery and logistics industry.
In addition to its core business, Meituan is also focused on developing innovative technologies such as artificial intelligence, big data, and autonomous delivery vehicles to further enhance its services and improve the overall customer experience.
Meituan's mission is to use technology to make people's lives easier and more enjoyable, while also supporting local businesses and promoting sustainable practices.
Vision
Meituan's vision is to create a "new era of service" by leveraging technology to improve efficiency and reduce waste in the delivery and logistics industry. The company aims to use its platform to help local merchants and businesses grow and thrive, while also providing convenient and efficient services to consumers.
Meituan is also focused on developing innovative technologies such as artificial intelligence, big data, and autonomous delivery vehicles to further enhance its services and improve the overall customer experience. The company's ultimate goal is to become a global leader in the on-demand service industry, providing a wide range of services that make people's lives easier and more enjoyable.
Key Team
Mr. Tao Zhang (Co-founder)
Mr. Shaohui Chen (CFO & Sr. VP)
Mr. Liang Chen (Sr. VP)
Mr. Chuan Zhang (Sr. VP)
Ms. Yee Wa Lau (Joint Company Sec.)
Ms. Sijia Xu (VP, Head of Capital Markets & Joint Company Sec.)
Recognition and Awards
Products and Services
Meituan offers a wide range of products and services, including:
1. Online ordering and delivery of food: Meituan's core business is online ordering and delivery of food from local restaurants and cafes.
2. Online ordering and delivery of groceries: Meituan has expanded into the online grocery delivery market, allowing customers to order groceries and have them delivered to their doorstep.
3.Hotel and travel booking: Meituan offers hotel and travel booking services, allowing customers to book flights, hotels, and travel packages.
4. Bike-sharing: Meituan acquired Mobike, a bike-sharing company, and now operates one of the largest bike-sharing networks in China.
5. Lifestyle services: Meituan also offers a range of lifestyle services such as movie ticketing, beauty and wellness services, and car-hailing.
6. Autonomous delivery vehicles: Meituan is developing autonomous delivery vehicles that can deliver goods to customers' doorsteps.
7. Cloud kitchens: Meituan is also investing in cloud kitchens, which are delivery-only restaurants that prepare food for delivery orders.
Meituan aims to provide convenient and efficient services to customers while also supporting local businesses and promoting sustainable practices.
References
Mr. Rongjun Mu (Co-Founder, Sr. VP & Exec. Director)
Mr. Huiwen Wang (Co-Founder & Exec. Director)
Retail and Consumer Goods