Meituan-Dianping
| Meituan-Dianping | |
|---|---|
| legal form | Corporation |
| founding | 2010 |
| Seat |
Beijing , People's Republic of China
|
| management | Wang Xing |
| Number of employees | 46,662 |
| sales | $ 6.2 billion |
| Branch | Internet , technology |
| Website | www.meituan.com |
| Status: 2018 | |
Meituan-Dianping ( Chinese 美 美 團 / 美 美 团 , Pinyin Mĕituánwǎng ) is a Chinese company that operates a website that offers delivery services , consumer goods and retail services in over 1000 Chinese cities . It offers a wide range of services, including movie ticket sales, grocery delivery, hotel and travel booking and car sharing services. The company was founded by Wang Xing in 2010 and has been listed on the stock exchange since 2018.
Meituan.com is a group discount website that sells vendor vouchers for deals provided a minimum number of buyers request a discount and Meituan generates commissions. Meituan.com generates most of its sales with mobile application services. The company has partnership agreements with over 400,000 local Chinese companies. In 2018, the number of users was quantified at 310 million people.
history
Meituan launched its offering in Shanghai and Beijing in 2010 and quickly expanded into smaller cities. The company's growth was rapid and was accelerated by the acquisition of several competitors. In 2015, 200 million users were counted.
In 2014, Meituan accounted for 60% of the market share of popular group buying websites in China. The company received initial funding of $ 12 million from Sequoia Capital . In May 2014, General Atlantic and two other investors carried out a financing round worth US $ 300 million.
In 2015, Meituan merged with Dianping to become Meituan-Dianping. Customer reviews of restaurants are published on dianping.com (大众 大众 网). It also has a function for group reservations. The total takeover was estimated at approximately $ 15 billion.
On September 20, 2018, Meituan Dianping debuted on the Hong Kong Stock Exchange . The IPO raised $ 4.2 billion. To prepare for its IPO, the company had received approximately $ 3.3 billion from investors, including Tencent .
Individual evidence
- ↑ Meituan Dianping: Billions for the fight against Alibaba. Retrieved August 24, 2019 .
- ↑ Meituan and Dianping, China's top Group deal sites, Merge In multi-trillion dollar deal. In: TechCrunch. Retrieved August 24, 2019 (American English).
- ↑ Tencent-backed Meituan raises $ 4.2 billion in IPO priced near range ... In: Reuters . September 13, 2018 ( reuters.com [accessed August 24, 2019]).
- ↑ Sherisse Pham: China's app for everything Meituan Dianping jumps in IPO. September 20, 2018, accessed August 24, 2019 .