What is the meaning of Meituan?
beautiful group
Meituan (Chinese: 美团; pinyin: Mĕituán, literally “beautiful group”), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services.
What is Meituan company?
Meituan operates as a web based shopping platform for locally found consumer products and retail services. The Company offers deals of the day by selling vouchers on local services and entertainment, dining, delivery, and other services. Meituan provides its services throughout China.
Who is the owner of Meituan?
Wang Xing
Wang Xing is founder and CEO of Meituan, a group created through a 2015 merger of Groupon-like group buying site Meituan and Yelp-like Dianping.com. Meituan Dianping went public on the Hong Kong Stock Exchange in 2018. Wang Xing received a master’s degree in computer engineering from University of Delaware in 2005.
Does Alibaba own Meituan?
Meituan targets 100 billion yuan on-demand retail sales So far it is prevailing against ele.me, a company Alibaba acquired two years ago. Now the battle is expanding into the on-demand retail space. In March 2020, Wang Puzhong, senior vice president of Meituan…
When was Meituan founded?
2010Meituan / Founded
What is meituan business model?
Food + Platform model Meituan originally launched its business as the “Groupon of China” in 2010. This means Meituan regards food-related services as its core business, and supports multiple categories by establishing a super platform.
How does Meituan make money?
Income from commission and advertisements are the key revenue sources of Meituan. The major revenue source of Meituan is commission income received from merchants and suppliers such as restaurants, store owners, and other vendors. For each request, they earn a specific amount of commission as a middle man.
How do you say meituan dianping?
How do you pronounce Meituan Dianping? It’s pronounced: may-twan de-yan ping. Yeah, it’s a mouthful if you don’t speak Mandarin. The name is a mashup of two sites run by the company.
How does meituan make money?
What does Meituan stand for?
Meituan ( Chinese: 美团; pinyin: Mĕituán, literally “beautiful group”), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.
What is Meituan Dianping?
Meituan Dianping is a Chinese company that aspires to be the Amazon of services. Its apps connect consumers with local businesses for food takeout, hotel bookings, and movie tickets, among other services. In 2018, it acquired the bike-sharing company Mobike (since rebrand to Meituan Bike) to offer local transportation services as well.
What makes Meituan’s tech platform unique?
Meituan’s tech platform uses data from its high-frequency applications to suggest its lower-frequency ones and inform users where to go next. The company is keenly focused on efficiency, finding new ways to make its delivery platform more cost-effective.
What is the GTV of Meituan?
Meituan-Dianping is one of the world’s largest online and on-demand delivery platforms. It has over 290 million monthly active users and 600 million registered users as of April 2018. In Q2 2021, GTV of Meituan food delivery business increased by 59.5% year over year.