Meituan-Dianping (Chinese: ???; pinyin: M?ituánw?ng) is a Chinese group buying website for locally found consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com offers deals of the day by selling vouchers on local services and entertainment. As of May 2014 the company has 5000 employees.
In 2015, Meituan merged with Dianping, a Chinese group buying site to become "Meituan-Dianping".
Meituan-Dianping is the world's largest online and On-demand delivery platform, reaching up to 10 million daily orders and deliveries, doubling from 5 million to 10 million just within six months period (Oct 2016 - Mar 2017). It has over 180 million monthly active users and 600 million registered users as of June 2016. The website for this service is waimai.meituan.com.
In 2017, Meituan-Dianping announced that it will be creating a ride-hailing service (similar to Didi Chuxing) of its own. In April 2018, the company acquired China's largest bicycle-sharing system, Mobike for US$2.7 billion.
Video Meituan-Dianping
Company
Meituan.com is a group-discount website which sells vouchers from merchants for deals, subject to a minimum number of buyers who demand a discount, from which Meituan generates commissions. Meituan.com generates most of its revenue from mobile application services. The company has partnering agreements with over 400,000 Chinese local businesses. Meituan accounts for the largest market share by revenue, followed by Lashou, 55tuan and 58tuan
Maps Meituan-Dianping
History
Piloted in Shanghai and Beijing, the Metiuan had rapidly expanded to second-tier and third-tier cities, totalling 200 million users in 2015. The Meituan.com became a dominating company in China after a rapid consolidation of the deal-of-the-day companies. Earlier estimates show that there were 2000 voucher selling companies in the mid 2000s and due to intense competition in the industry only a few have emerged as dominant players. In 2014 it accounted for 60% of the market share of deal-of-the-day group-buying websites in China. The company received initial funding of $12 million from Sequoia Capital. In May 2014, global growth equity firm General Atlantic led a $300 million series C funding round with two other investors. On October 8, 2015, Meituan and Dianping, a Chinese group buying site, became one company. On January 19, 2016, Meituan Dianping announced that it has raised more than $3.3 billion.
Meituan networking marketing
Meituan is a Chinese O2O (online-to-offline) local life service platform, connecting over 240 million consumers and five million local merchants via a comprehensive array of e-commerce services and products. The concept of Meituan is to follow the "consumer first, business second, the United States group third." It owns 600 million users and almost 4.5 million business partners that cover nearly all China. About 35 million people is using its APP everyday. Meituan offers a one-stop "travel life" service platform for users in order to achieve coverage of full consumption in different places. Therefore, now there are 70 million users of hotel and travel business in total.
Management and administration
The company is headquartered in Beijing and was founded in 2010 by Xing Wang. Mr. Wang is amongst the founders of Friendster, Xiaonei and Lashou. Prior to starting Meituan.com, Mr. Wang has founded companies based on business models of the existing American internet companies, namely Facebook, Twitter and alike.
References
External links
- Official website
Source of article : Wikipedia
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