In a year of exceptional pressure on growth, the BrandZ™ Top 100 Most Valuable Chinese Brands gained 12% in value, in the 10th edition of the ranking revealed by WPP and Kantar. The Top 100 Chinese brands increased their worth by $106.8 billion to reach $996.4 billion, demonstrating the resilience of strong brands and their […]
Meituan Dianping (Meituan), founded in March 2010 and China’s leading e-commerce platform for local lifestyle services, went IPO in 2018 on Hong Kong Exchanges.
Meituan has developed into an all-rounded company providing a wide selection of daily-life services to consumers, such as food delivery, reviews, hotel & travel services, transportation, new initiatives and other, which was just a simply group-buying website eight years ago.
Meituan Paying Users & Total Merchants
Continue reading below for statistics, trends, and insights related to Meituan Dianping.
The monthly active mobile users of China’s blue-collar population has more than doubled from July 2016 to July 2020, from 15.48 million to 33.79 million, with an average annual growth of 21.5%. In the first and second-tier cities, the blue-collar is very active. However, the third and lower-tier cities also have great growth potential. The […]
Alibaba and Meituan could become a serious threat to each other. For Alibaba, it’s critical for its success in the local services sector with high hopes on Ele.me and Alipay. Lei Wang took on the role of CEO after Alibaba acquired Ele.me at US$9.5 billion in 2018. He then proposed that acquiring 50% of the […]
Meituan saw a profit of RMB2.2 billion for the second quarter of 2020 with an increase of 152.4% YoY, compared to a profit of RMB875.8 million for the same period of 2019.
Meituan-bakced EV Li Auto aims to raise US$950 million in its initial public offering of 95,000,000 American depositary shares, or ADSs. Li Auto anticipates that the IPO price per ADS will be between US$8.00 and US$10.00.
Meituan’s total revenues decreased by 12.6% year-over-year to RMB16.8 billion from RMB19.2 billion in Q1 2019. The operating loss for Q1 2020 expanded on a year-over-year basis from RMB1.3 billion to RMB1.7 billion, while operating margin decreased from negative 6.8% to negative 10.2%.
Meituan’s total revenues increased by 49.5% year-over-year to RMB 97.5 billion in 2019 from RMB 65.2 billion in 2018. Total gross profit increased by 114.0% year-over-year to RMB32.3 billion from RMB15.1 billion in 2018.
Total Gross Transaction Volume (GTV) on Meituan platform grew by 33.6% to RMB194.6 billion in Q3 2019 from RMB145.7 billion for Q3 2018 according to its financial results. Annual Transacting Users on Meituan platform grew by 14.0% to 435.8 million from 382.3 million in Q3 2018.
Total Gross Transaction Volume (GTV) on Meituan Dianping’s e-commerce platform grew by 28.7% to RMB159.2 billion in Q2 2019 from RMB123.7 billion in Q2 2018. Annual transacting users in the last twelve months ended June 30, 2019 grew by 18.4% to 422.6 million from 356.9 million in the last twelve months ended June 30, 2018.
China’s market for fast-moving consumer goods (FMCG) for at-home consumption remained robust in 2018, despite general concerns about a slowdown. Total spending on FMCG rose 5.2%, a slight increase over last year’s 4.7% gain. Overall, the two-speed growth scenario Kantar identified in 2016 has continued to evolve, with home care and personal care categories growing […]
Meituan Dianping’s total revenues increased by 70.1% year-over-year to RMB19.2 billion in Q1 2019 from RMB11.3 billion in Q1 2018 and decreased by 3.2% quarter-over-quarter from RMB19.8 billion.
China’s online accommodation booking market grew by 18.5% to US$7.01 bn in Q4 2018. The top 3 players combined accounted for 73.2% of the total. Ctrip placed first with a share of 46.4%. Meituan Dianping (14.3%) overtook Qunar (12.5%) to be the first runner-up. The online accommodation booking market totaled 47.11 billion yuan (US$7.01bn) in […]
Meituan reported total gross transaction volume (GTV) growth of 44.3% year-on-year to 515.6 billion yuan (US$76.65bn) in 2018. Annual transacting users increased by 29.3% year-on-year to 400.4 million. On average, the annual number of transactions each transacting user made increased to 23.8 transactions in 2018 from 18.8 transactions in 2017. Annual active merchants grew by […]
The annual growth rate of FMCG is the same as in 2017. Q4 performance is weaker than the previous quarter. The top players in the modern trade sector combined accounted for 37% of sales in 2018. Sun Art group maintained its leading position with 8.4% of share. Yonghui remained the fastest growing top players in 2018. 65% of China urban families […]
The online travel market in China grew by 9.3% to US$39.25 billion in Q3 2018, driven by the summer vacation and the mid-autumn festival holiday. 68.6% of transactions are generated from online transportation booking. Ctrip (37.6%), Qunar (19.78%), and Fliggy (16.46%) combined accounted for 73.84% of air ticket booking transactions. Ctrip led online accommodation with a share […]