Meituan
Chinese technology company specializing in on-demand services
Meituan (美团 ) is a Chinese technology company that offers a wide range of services, primarily through its mobile application. It is one of the largest on-demand service platforms in China, providing services such as food delivery, hotel and travel booking, movie ticketing, and various lifestyle services. Meituan is headquartered in Beijing, China, and is listed on the Hong Kong Stock Exchange.
History[edit | edit source]
Meituan was founded in 2010 by Wang Xing, a serial entrepreneur who had previously founded several other internet companies. The company initially started as a group-buying website similar to Groupon, but it quickly expanded its services to include a wide array of on-demand services.
In 2015, Meituan merged with Dianping, a Chinese group-buying and restaurant review service, to form Meituan-Dianping. This merger created one of the largest on-demand service platforms in China, combining Meituan's strengths in food delivery and lifestyle services with Dianping's expertise in restaurant reviews and group buying.
Services[edit | edit source]
Meituan offers a variety of services through its platform:
Food Delivery[edit | edit source]
Meituan is one of the leading food delivery services in China, competing with other major players like Ele.me. Users can order food from a wide range of restaurants through the Meituan app, and the food is delivered to their doorstep by Meituan's extensive network of delivery personnel.
Hotel and Travel Booking[edit | edit source]
The platform also provides hotel and travel booking services, allowing users to book accommodations and travel packages. Meituan's travel services compete with other major Chinese travel platforms such as Ctrip.
Movie Ticketing[edit | edit source]
Meituan offers movie ticketing services, enabling users to purchase tickets for movies at theaters across China. This service is integrated with the Meituan app, providing users with a convenient way to book and pay for movie tickets.
Lifestyle Services[edit | edit source]
In addition to the above, Meituan provides a variety of lifestyle services, including beauty and wellness, leisure activities, and local services. These services are designed to cater to the diverse needs of urban consumers in China.
Technology and Innovation[edit | edit source]
Meituan is at the forefront of technological innovation in the on-demand service industry. The company has invested heavily in artificial intelligence and autonomous vehicles to enhance its delivery services. Meituan's autonomous delivery vehicles are being tested in various cities, aiming to improve delivery efficiency and reduce costs.
Business Model[edit | edit source]
Meituan operates on a commission-based business model, charging merchants a fee for using its platform to reach customers. The company also generates revenue through advertising and premium services offered to merchants.
Market Position[edit | edit source]
Meituan is a dominant player in the Chinese on-demand service market, with a significant market share in food delivery and lifestyle services. The company's extensive user base and wide range of services make it a formidable competitor in the industry.
Related pages[edit | edit source]
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Contributors: Prab R. Tumpati, MD
