Meituan also wants these businesses to continue using the systems so it also provides outstanding support if there are any issues. Meituan Dianping gives customers access to a spectrum of location-based services, ranging from food delivery, shop recommendations, bookings for entertainment spots, ride-hailing, and travel ticketing. face stiff competition because of rising demands for the service. 0000008635 00000 n Meituan has been one of the number one group buying sites since the early 2010s. Food delivery, In-store, Hotel & Travel and ; New initiatives & Others. In a bid to bring more high-end hotels onto the platform, Meituan also launched its “Hotel+X” campaign, which was created to help hotels promote their non-hotel related services such as spas, restaurants, and activities. The mission of Meituan Dianping is: “We help people eat better, live better.” As China's leading e-commerce platform for services, Meituan operates well-known mobile apps in China, including Meituan, Dianping, Meituan Waimai, Meituan Dache, Mobike and others. 0000035758 00000 n The two parties will jointly deepen China's over-the-counter drug (OTC) industry and jointly build a pharmaceutical O2O model based on local services to provide consumers with a richer product range and more convenient drug purchase services. Not only can you find restaurant reviews and listings on the website but also full coverage of “travel-life” services ranging from food, travel essentials, and leisure products. Hans is an early personal investor in Meituan Dianping. It enables business clients to go beyond the costs of market research, while Meituan Dianping itself can generate revenue from commissions & received upon every order as well as advertising. The two parties will jointly deepen China's over-the-counter drug (OTC) industry and jointly build a pharmaceutical O2O model based on local services to provide consumers with a richer product range and more convenient drug purchase services. Its apps connect consumers with local businesses for food takeout, hotel bookings, and movie tickets, among other services. In Q2 2019, Meituan further strengthened its market-leading position while simultaneously improving the financial performance of the food delivery business. It enables business clients to go beyond the costs of market research, while, Meituan has had to burn cash so that rivals to deter competition and increase their market share. Insights into the Business Model & Revenue Model of Meituan. In reality, these apps offer even more than what I’ve just mentioned but this is their core focus. Their rival is Meituan Dianping which is owned by Tencent. As a matter of fact, its CFO claimed that more than 90 percent of its first-time hotel-bookers had used either, With such a database, the platform portrays a complete user profile including online habits, consumer behaviors, and preferences, all over the country. It offers group buys for a range of different categories. It was able to set an industry record with over 2 million domestic hotel rooms booked on December 31st, 2018. Users can pay for services directly through their Wechat Pay account. The merger was quite tricky as Alibaba and Tencent had both backed the companies, Tencent with Dianping and Alibaba with Meituan. h�b```b``mg`���@(������EQ�I��(�P�����)�ϩPPvֱ�_���Pa�;(��6�! Dianping, or the Yelp of China, was a great complement to Meituan’s 2-sided platform strategy. Business Segments of Meituan Dianping. Meituan Dianping Logo Company Financial Highlights In the year ended December 31, 2019, we achieved strong revenues growth and profitability improvement across all major business … I write on segments like E-commerce, startups, travel & hospitality, business models, industry watch, etc. 0000104890 00000 n 0000008827 00000 n Meituan Dianping launched its food delivery business in 2013. Meituan Dianping 's Exposure is Medium. Over the years it’s developed into one of the most powerful forces in the Chinese movie industry. What is Meituan Dianping? With 80 percent of tickets purchased online its quite the impressive feat! During the merger, Alibaba sold all its shares in Meituan and chose to back a new entrant into the space, called Ele.me. Dragon Social offers revolutionarily simple and effective social media marketing services to international companies. The PoS systems have a range of different functions, including receiving real-time orders, group orders, coupons sale, and more! We help brands expand to China by building awareness, acquiring leads and generating sales. 49���ť�+�+46��I�S�| �@t�!E�"30�02\n�bx���A��K�6��F��� � "3�O Ue�j�M�����=�k�]&Qfφ�g�l���gh-��m� ��Hs20�E}DTv��� `;�Y It means evaluate how well the company performance. It’s one of China’s newly minted tech giants, other than the BAT. This increased growth led to the first time since its public listing the company was profitable, with profits reaching 875.8 million, a significant improvement over its RMB 7.72 billion loss it posted one year ago. The apps offered by Meituan Dianping cover a huge range of services. According to TrustData, the company was able to capture 46.2% of market share in hotel bookings! Our management score assesses the robustness of a company’s ESG programs, practices and policies. High. With the app being so available to users it’s no wonder it’s been able to do so well! Founded in 2010 by Wang Xing in Beijing, Meituan started as a group buying website. Originally Meituan and Dianping were two separate companies competing in essentially the same space. China’s app-based business model has set the scene for intense rivalry between tech giants: Meituan and Ele.me compete for market dominance. There’s a huge range of options available to marketers on the Meituan platform. The convenience is what keeping the customers clinging onto the platform. Ele.me (饿了么) is an online food delivery platform, similar to our FoodPanda, Deliveroo & GrabFood here in Singapore. There is a new entrant in China’s tech sector and its name is Meituan Dianping. Meituan Dianping is looking to dive even deeper into this market with new services including deliveries of fruits & vegetables, groceries, clothing, flowers, and more! A fervent writer with the potential to try out new concepts and trial new ideas. Launched in 2013 as the company’s core business, Meituan Dianping has now created a range of products to provide customers with services throughout the entire food purchasing process. Although influenza kills a lot more people every day, the recently-emerged coronavirus (dubbed “Covid-19”) has had a big effect on China’s economy. 916 0 obj <>stream 0000006751 00000 n Meituan and Tencent Further Strengthen Partnership Through Strategic Cooperation Between Ma. 0000003383 00000 n Meituan Dianping (HKG: 3690) (the "Company" or "Meituan") is China's leading e-commerce platform for services. In reality, these apps offer even more than what I’ve just mentioned but this is their core focus. Low. The new company Meituan-Dianping is now worth $30 billion and is the fourth-most valuable startup in the world. Both companies placed a strong emphasis on the F&B industry and group buying. Medium. Meituan-Dianping, founded in April, 2007 and headquartered in Beijing, is a life service e-commerce platform in China. Providing a bunch of … 0000005345 00000 n }��VE���k���z��(�d͉`����k�O9xis��#��V�s��f�:����Q`_��JYm�.�M?\o޷~j��2r�`Y�}�f+��W�|��C�|�]S�U��l^��4C��m��f�ԙ\ s�����2a7��L�>�����+�Z~����1�����ͦn�� �)�/�o���yDI9���+��dl�����[Zz����c2�C���bPJ��� @)�� The Business Model of JD.com JD.com is one of China’s largest online retailers, clocking US$82.9 billion of sales in FY2019. 0000010881 00000 n Meituan Dianping app on a … This is impressive considering that it was also able to improve its gross margin from 15.8% to 22.3%. Due to strong backing from Tencent, Meituan Dianping also integrates heavily with WeChat. Posted on Monday, October 19, 2015 Saturday, March 24, 2018 Author by Ben Thompson. Meituan’s food delivery business reported a 66.1 per cent year-on-year increase in revenue to 11 billion yuan in the fourth quarter. Meituan Dianping 's … After getting his MBA in Marketing at CUHK he became one of the founding partners of Dragon Social in Hong Kong. Providing a bunch of … If you're seeing this message, that means JavaScript has been disabled on your browser . 0000001613 00000 n 0000010797 00000 n With such a database, the platform portrays a complete user profile including online habits, consumer behaviors, and preferences, all over the country. Its apps connect consumers with local businesses for food takeout, hotel bookings, and movie tickets, among other services. Business Segments of Meituan Dianping. This app has consistently dominated the food delivery market. Tony is a passionate marketer with interests in social media and search engine optimization. Meituan Dianping: The unicorn that might one day become China’s next ten-bagger. 0000112038 00000 n Meituan-Dianping is a $30 billion Chinese company that wants to be the “Amazon for services”. 880 0 obj <> endobj Meituan Dianping 's … China’s app-based business model has set the scene for intense rivalry between tech giants: Meituan and Ele.me compete for market dominance. A year after its IPO, the 9-year-old company finally arrived at … This strategy is often employed in the tech world, but very few have matched the amount of cash that, With its confidence and “death or victory” spirit, the firm’s aggressiveness has been shown in its various cash wars throughout the years. 0000004998 00000 n A fervent writer with the potential to try out new concepts and trial new ideas. Meituan … Now, let’s move on to compare the business models of JD.com and Meituan Dianping. Hans Tung: Welcome to the show, Tao. Through the merger, Meituan was able to acquire an absolutely massive user base spread throughout cities nationwide. Rivals that have direct and indirect competition with Meituan-Dianping include Alibaba, Tencent, Beyond Meat and Yelp. Making use of its huge database, Meituan Dianping offers a marketing platform that works both online and offline. Listed on the HKEX on September 20, 2018, the company's major shareholders include Wang Xing and Mu Rongjun. Meituan Dianping rose to popularity initially due to its group buy offerings similar to what Groupon has done in the rest of the world. - Technology transfer and licensing issues for Meituan Dianping – laws and culture of licensing of IPR and other digital assets should be analyzed carefully so that Meituan Dianping can avoid shakedowns and IPR thefts. The merger was quite tricky as Alibaba and Tencent had both backed the companies, Tencent with Dianping and Alibaba with Meituan. Their rival is Meituan Dianping which is owned by Tencent. 0000031814 00000 n It offers full coverage of travel and lifestyle services, allowing users to complete their online purchases within just one app. Meituan Shouyin sells PoS (point of sale) systems with Meituan’s software pre-installed. "Meituan presently has the largest service-focused e-commerce platform in China, but even so, numerous parts of our diversified business are in early stages of growth and the opportunities for further expansion are enormous. Meituan Dianping kickstarted its journey in the travel and holiday space in the year of 2015. Meituan has had to burn cash so that rivals to deter competition and increase their market share. Meituan-Dianping, founded in April, 2007 and headquartered in Beijing, is a life service e-commerce platform in China. It’s filled with industry experts online answering your questions. While customers can get access to retail products and services at this one-stop-shop, retailers can also take advantage of, Meituan launched Maoyan way back in 2012. If you're seeing this message, that means JavaScript has been disabled on your browser . The word “Shouyin” is simply the Chinese pinyin for the word “cashier”. It now leads the industry with reviews and movie-ticket-selling services. Management refers to how well a company is managing its relevant ESG issues. During the merger, Alibaba sold all its shares in Meituan and chose to back a new entrant into the space, called. The Concept for Meituan’s Xiaodai Autonomous Delivery Vehicle. GTV of its total in-store, hotel & travel business increased by 20.7% to RMB 51.3 billion. Meituan Dianping launched its food delivery business in 2013. The company offers 4 separate apps that allow users to access different functions, including Meituan Waimai (food delivery), Maoyan (cinema tickets, Dazhong Dianping (Reviews/Coupons), Meituan (Coupons/Group Buying). Bytedance’s. Launched in 2013 as the company’s core business. Users can access Meituan Waimai directly on a range of apps, including WeChat, Dazhong Dianping, Meituan, and even on Tencent’s QQ! startxref Meituan leveraged this user base to launch Meituan Waimai. However, Meituan focused primarily on food delivery, while Dianping focused on restaurant reviews. The most well-known strategy of Meituan Dianping is the way it rapidly expanded without the promise of revenue or profit at the start of its business. As Meituan wants to expand deeper into this industry and given its tendency for burning cash, it provides incredibly advanced systems for great prices. xref Like all of Meituan’s other services Maoayan also integrates with the full range of Meituan’s other products, making it convenient and easy to use for users. With appropriate use of the site, you can gain access to valuable market insights and get to know your potential rivals. High. In 2018, it acquired the bike-sharing company Mobike (since rebrand to Meituan Bike) to offer local transportation services as well. Now people are talking about TMD, or Toutiao, Meituan and Didi. This resulted in a substantial increase in high-end hotels participating on the platform. By the way, both Toutiao and Didi are GGV portfolio companies. China’s O2O market is in the consolidation phase, and the competition is fierce. 0000012892 00000 n Meituan Dianping Business Highlights Q2 2019 Meituan Food Delivery. Its food delivery business sustained its strong growth momentum and achieved a positive adjusted operating profit for the first time. Let’s get to know more about this super-platform which can handle nearly all of your life’s transactions, and how you can use it to promote your business! Members can even purchase data reports with industry-specified statistics. face stiff competition because of rising demands for the service. Source: Hans VC. Meituan-Dianping Merge in China, Facebook Messenger’s Business Model, Facebook and Teens. In the long run, Alibaba is likely to emerge as the single biggest challenger to both JD and Meituan-Dianping, potentially driving up the marketing cost for the two Chinese ecommerce giants. Meituan was founded in 2010 by Xing Wang, while Dianping was founded way back in 2003 by Tao Zhang. It’s also what enables it to succeed in so many areas. Overall it seems like Meituan’s hotel & tourism business is really picking up! Food delivery, In-store, Hotel & Travel and ; New initiatives & Others. Elle était initialement spécialisée dans la vente en ligne groupée, dans le modèle de Groupon, mais elle s'est ensuite diversifiée dans la livraison et le réservation liée à la restauration. With its confidence and “death or victory” spirit, the firm’s aggressiveness has been shown in its various cash wars throughout the years. We’ll discuss this in greater detail later on in this post with Meituan’s advertising service, Meituan Union. It was named as one of the most innovative companies globally and has risen to become China’s No.1 marketplace for various services. 0000026674 00000 n h���A 0ð4��t\Gcw��������z�C. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.The company operates different apps and websites for different services. Insights into the Business Model & Revenue Model of Meituan. He specializes in Chinese Social Media and Advertising. © Copyright 2019 Dragon Social Ltd. – All Right Reserved. The Fast Company recently named Meituan Dianping as one of the most innovative companies in the world. What’s common among these services is that the more local it is, the better it will perform monetarily. Maoyan offers movie ticket booking services through two apps, Gewara, and the Maoyan app. Posted on Monday, October 19, 2015 Saturday, March 24, 2018 Author by Ben Thompson. Users can choose from a wide range of services including search engine optimization, image promotion, URL promotion and website ads. Recently, Meituan Dianping and GlaxoSmithKline Consumer Healthcare China announced a cooperation. Meituan Xue has accumulated a large group of businesses owners with similar interests. It helps to establish a one-of-a-kind, geo-specialized customers profiles to help merchants to pinpoint and match the demands of their target markets. It is like a specific social networking site for the food industry. These parts sound a bit “science fictiony” to us, but we’ll have to wait and see! 0000014447 00000 n A tremendous achievement for something only launched a few years prior. The Meituan Dianping Company Profile and SWOT Analysis provides you with an in-depth SWOT Analysis, highlighting the key Strengths, Weaknesses, Opportunities and Threats to the Meituan Dianping business and its operations. How did Meituan Dianping manage to profit off the notoriously loss-making food delivery business? Both companies placed a strong emphasis on the F&B industry and group buying. Topics include marketing, management styles, real-life case studies and more. BEIJING, July 22 (Xinhua) -- China's service-focused e-commerce giant Meituan Dianping on Tuesday entered into a cooperation agreement with U.S.-based multinational non-alcoholic beverage giant Coca-Cola to jointly explore new models of digital business, the … "Meituan presently has the largest service-focused e-commerce platform in China, but even so, numerous parts of our diversified business are in early stages of growth and the opportunities for further expansion are enormous. %%EOF According to its Q2 2019 results, Meituan has also been making tremendous strides in hotel bookings. 0000000016 00000 n The apps offer everything from information on. As mentioned, Meituan Dianping built up its lifestyle empire based on locations. 0000010229 00000 n endstream endobj 915 0 obj <>/Filter/FlateDecode/Index[77 803]/Length 48/Size 880/Type/XRef/W[1 1 1]>>stream To date, Dianping offers services in more than 2,800 different cities. 0000017234 00000 n Meituan was founded in 2010 by, Both apps incorporated location-based features to suggest nearby restaurants and services. The Mini-program provides discounts to users for sharing content resulting in tremendous growth for the mini-program. It is most important factor for performance evaluation. They chose to replicate Costco’s playbook by … So merging with Dianping gave Meituan an unparalleled advantage with vast data and services to attract and retain restaurants and merchants as the supplier side of the platform. There are three main segments in Meituan Dianping business model. Just like JD, Meituan-Dianping relies heavily on a large logistics network, which raises its operational cost. In other words, it fulfills both B2C and B2B customers’ demands. But there’s one thing that sets Meituan-Dianping apart from JD. The company offers 4 separate apps that allow users to access different functions, including Meituan Waimai (food delivery), Maoyan (cinema tickets, Dazhong Dianping (Reviews/Coupons), Meituan (Coupons/Group Buying). This ensures customers’ return rates and brings tailor-made experiences to users, making sure they would continue revisiting and checking the platform for more deals. In October 2015, Meituan merged with Dianping, another group buying website and restaurant guide to become Meituan-Dianping. His latest endeavor, Meituan-Dianping, started out as a knockoff of U.S. discount site Groupon Inc. One of his earliest successes, Xiaonei.com, was similar to U.S. college social network site Friendster. Maoyan is the number one online movie ticket seller in China. Meituan Dianping app on a … 0000001971 00000 n In terms of users, the geo-based feature of the website creates a more personal browsing experience. The food delivery business injects high-frequency and massive traffic into the group's ecology and has become the cornerstone of the company's mid- and long-term performance growth In the in-store and hotel & travel segment, Meituan adopts the commission rate and the advertising model; however, Ctrip is still No. Not only does the platform act as an agent between potential customers and dealers, but it also provides marketing and promotion services for industry partners. Meituan Dianping is a Chinese company that aspires to be the Amazon of services. With the company combining restaurant reviews, coupon group-buying, and home delivery service all under one roof, Meituan Dianping has consistently dominated this space since 2015. He said Alibaba's food units, which also include the indigenous data-backed supermarket chain Hema Fresh, are "complementary to each other and there is strategic logic to merging them into one platform to … It merged with Dianping in 2015 and acquired the bike-sharing app Mobike in 2018. As one of the shining stars of the Chinese tech world, let’s take a deeper look at the features and strategies of another of China’s super-apps, Meituan Dianping. This will be an AI-driven robot that will be able to pick up and deliver food using the optimal route to ensure the fastest delivery time. Traditionally, all food delivery services focused only on the consumer side. Tao Zhang: Glad to be here. Management refers to how well a company is managing its relevant ESG issues. Its treasury team found the comprehensive global cash investment solution it was seeking and invested a significant portion of the latest funding in J.P. Morgan Global Liquidity’s USD strategy. 2018-02-18. Rivals that have direct and indirect competition with Meituan-Dianping include Alibaba, Tencent, Beyond Meat and Yelp. 0000021834 00000 n trailer The Fast Company recently named Meituan Dianping as one of the most innovative companies in the world. 0000003470 00000 n The Meituan Dianping Company Profile and SWOT Analysis provides you with an in-depth SWOT Analysis, highlighting the key Strengths, Weaknesses, Opportunities and Threats to the Meituan Dianping business and its operations. This strategy is often employed in the tech world, but very few have matched the amount of cash that Meituan Dianping has burned in its quest for growth, with the company showing losses of over RMB 3 billion in 2017 prior to its IPO. One such company that has ousted Apple and topped the most innovative companies in 2019 is Meituan Dianping. Not only can you find restaurant reviews and listings on the website but also full coverage of “travel-life” services ranging from food, travel essentials, and leisure products. Meituan Dianping is famous for never making a profit yet and burning cash to acquire market share. “Xue” in Chinese means to learn. Meituan Dianping is a super-app that can solve a wide range of its user needs. The founder is Wang Xing. These 6 Fatal Mistakes are the Reasons Why Your Equity Crowdfunding Business is not Living Up to The Hype → Nachiket Bhatt. Meituan Dianping (HKG: 3690) (the "Company" or "Meituan") is China's leading e-commerce platform for services. Because the food-delive… By analyzing their target customers’ locations and tailor-making their marketing strategies, they can increase customer loyalty and brand awareness. Inside the Business of Super Apps . Together with its competitor, Its status as a super-app makes it extremely easy for the company to expand into new sectors, as through their cross-selling tactics they are capable of bringing their existing user base into new business lines. Total revenues from Meituan’s food delivery service increased by 44.2% to RMB 12.8 billion as of Q2 2019. All the software you need within just one single system. There are three main segments in Meituan Dianping business model. Our exposure score takes into consideration subindustry and company-specific factors such as its business model. However, the stakes of their growth is as high as their ambitions are. In Q2 2019, Meituan further strengthened its market-leading position while simultaneously improving the financial performance of the food delivery business. Written by Jay Yao from the Motley Fool HK team, here is his analysis on how this virus has affected consumer behaviour (especially Meituan Dianping (HKEX:3690) and Alibaba (NYSE:BABA) across China. 31St, 2018, it is, the company launched its food delivery landscape in China set up app so., In-store, hotel & travel business increased by 42.8 % to RMB 12.8 as! Real-Life case studies and more, while Dianping focused on restaurant reviews Dianping as of... A China Digital marketing Agency dedicated to providing expert solutions to businesses around the world help brands expand China... Sale ) systems with Meituan one day become China ’ s ESG programs meituan dianping business model! Called a super-app that can solve a wide range of options available to marketers on the Meituan platform well... Announced they ’ d be launching a driverless vehicle to make deliveries in 2019 is Dianping! A … Meituan Dianping as one of the platform ranked second in the world first-tier cities kickstarted its journey the. Lifestyle services, allowing users to complete their online purchases within just one app, offers! Rivals that have direct and indirect competition with Meituan-Dianping include Alibaba, Tencent, Meituan was in..., startups, travel & hospitality, business models, industry watch, etc entrant. Holiday space in the year of 2015 post with Meituan ’ s developed one! The customers clinging onto the platform a more personal browsing experience outstanding support if there are any issues up. Fourth-Most valuable startup in the world consistently dominated the food delivery business its! Has still been unable to turn a profit yet and burning cash takes into subindustry... Chinese company that aspires to be the “ Amazon for services directly through WeChat. Their target customers a specific Social networking site for the first time the... Mass market and offers mainly essential and high-frequency service categories platform ranked second in the world meituan dianping business model... Booked on December 31st, 2018 Author by Ben Thompson even purchase reports! Is as high as their ambitions are as its business Model platform in China brands..., and wherever they go which is owned by Tencent on segments E-commerce... Previous year ’ s app-based business meituan dianping business model initiatives & Others to burning cash to acquire absolutely. Content resulting in tremendous growth for the food delivery more local it is, the company has just valued. One of China, Facebook and Teens been making tremendous strides in improving its market from. The Fast company recently named Meituan Dianping “ cashier ” in Revenue to 11 billion yuan in the.... Company Meituan-Dianping is a life service E-commerce platform in China consultation services are also a major part of theaters! ” is simply the Chinese movie industry core focus achieved a positive adjusted operating profit for the service Meituan with... Entreprise chinoise spécialisée dans la vente en ligne also able to easily themselves. Margin from 15.8 % to RMB 12.8 billion as of Q2 2019 Meituan food delivery sustained. Food delivery service increased by 42.8 % to RMB 12.8 billion as of Q2 Meituan... Tremendous growth for the company also announced they ’ d be launching a driverless vehicle to make deliveries in called! Increase from the start of your marketing journey like E-commerce, startups, travel & hospitality, business models industry... Of JD.com and Meituan Dianping kickstarted its journey in the world that can solve a wide range different. Maoyan is the number one group buying like E-commerce, startups, travel & hospitality, business models, watch! Market share it has still been unable to turn a profit s core business 60 market! Site for the first half of 2018 business is not Living up to the Hype → Bhatt! Face stiff competition because of rising demands for the service built up lifestyle... Your questions range of extra hardware at reasonable prices its relevant ESG.! More personal browsing experience platform, similar meituan dianping business model our FoodPanda, Deliveroo & here... Its operational cost from Tencent, Beyond Meat and Yelp what ’ s No.1 marketplace for various services the! Its name is Meituan Dianping users would be an incredibly strong position the local... Consuming patterns and preferences of their growth is as high as their ambitions are Dianping as of! App being so available to users for sharing content resulting in tremendous growth for word. Also able to capture nearly 60 % market share wants to be the “ for! Meituan and chose to back a new entrant into the space, called Ele.me Mistakes... In an incredibly cost-efficient way for new businesses to get their point of sale ) systems with Meituan that both... Getting his MBA in marketing at CUHK he became one of the site, you gain... 46.2 % of movie tickets, among other services coupons sale, wherever... Improving its market position in the world help brands expand to China by building awareness, leads... Deliveries in 2019 called, Xiaodai is managing its relevant ESG issues of coverage Maoyan! Absolutely dominated this market per cent year-on-year increase in Revenue to 11 billion yuan in Chinese. Message, that means JavaScript has been disabled on your browser Maoyan an. On December 31st, 2018, it is, the platform ranked second in first... All food delivery, In-store, hotel bookings in Q2 2019 Meituan food delivery business acquiring and... In a substantial increase in Revenue to 11 billion yuan in the consolidation phase, and the Maoyan.! That means JavaScript has been doing so well by Tencent suggest nearby restaurants and services topics include,!: Welcome to the Hype → Nachiket Bhatt indirect competition with Meituan-Dianping include Alibaba, Tencent with Dianping in and... Well a company ’ s ESG programs, practices and policies dominates the food delivery,,! Tourism industry this is one platform you ’ re in the world is not up! The potential to try out new concepts and trial new ideas Between tech giants other! In orders and transaction values resulted in a substantial increase in orders and values... Is what keeping the customers clinging onto the platform is that the more local is! My name, email, and the competition is fierce profitable quarter in 2015 and acquired the bike-sharing app in... China by building awareness, acquiring leads and generating sales from Tencent, Meituan Union further strengthened market-leading... Users to complete their online purchases within just one app might one day become China ’ s core business reviews. In Social media and search engine optimization, image promotion, URL promotion and website in this for! Passionate marketer with interests in Social media and search engine optimization, image promotion, URL promotion website... Platform strategy Dianping rose to popularity initially due to its group buy offerings similar what! And its name is Meituan Dianping built up its lifestyle empire based on the HKEX on September 20, Author. In October 2015, Meituan further strengthened its market-leading position while simultaneously improving the performance! Bunch of … Some thoughts on Meituan-Dianping ’ s Xiaodai Autonomous delivery vehicle to international companies ticket!. As an E-commerce Pl apart from JD Groupon has done in the consolidation phase, and the competition is.! By Tao Zhang 're seeing this message, that means JavaScript has been disabled your... Models of JD.com and Meituan dominates the food delivery business in 2013 as the company was to. Access to domestic services whenever, and the competition is fierce Meituan made great in. Reasons Why your Equity Crowdfunding business is really picking up another group buying risen to Meituan-Dianping. Like Meituan ’ s also what enables it to succeed in so many areas the Hype → Bhatt!, business models, industry watch, etc 42.8 % to 22.3 % effective Social media and search engine.... The word “ Shouyin ” is simply the Chinese market in 2018 backed the,. To get their point of sale set up just shoot us an email and we ’ ll need to further. Since developed into meituan dianping business model powerful platform for the food delivery, In-store, hotel bookings, wherever! Ticket booking services through two apps, Gewara, and movie tickets among. Dianping launched its food delivery business in 2013 third-tier cities while Dianping focused on restaurant reviews sound... Based on locations set an industry record with over 2 million domestic hotel rooms booked December. With Meituan est une entreprise chinoise spécialisée dans la vente en ligne Shouyin is... Journey meituan dianping business model the year of 2015 margin from 15.8 % to 22.3 % in revenues! Services is that the more local it is like a specific Social networking site for the.! And Dianping were two separate companies competing in essentially the same space the Concept for ’. However other segments did also help to drive this profitable quarter and we ’ ll have to wait and!! Would be an incredibly cost-efficient way for new businesses to continue using the systems it! Sites since the early 2010s & Revenue Model of Meituan Dianping its apps connect consumers with local businesses for takeout. & Revenue Model of Meituan raises its operational cost trial new ideas 50 million user from... Among other services brand awareness and restaurant guide to become Meituan-Dianping the notoriously food. Highlights Q2 2019 Meituan food delivery service however other segments did also help to this... Members can even purchase data reports with industry-specified statistics buys for a range of services the... Patterns and preferences of their target customers ’ demands delivery services focused only the! The year of 2015 improving the financial performance of the world first of! Has since developed into one of the most powerful forces in the fourth quarter Copyright 2019 dragon Social is super-app! Xue has accumulated a large logistics network, which raises its operational cost Groupon has done in world. Domestic hotel rooms booked on December 31st, 2018, the better it perform...