About Meituan
Meituan is a company based in Beijing (China) founded in 2010 by Wang Xing.. Meituan has raised $9.86 billion across 9 funding rounds from investors including Tencent, Alibaba Group and General Atlantic. Meituan has completed 5 acquisitions, including BeyondH, Dianping and Light Years Beyond. Meituan operates in a competitive market with competitors including Dianping, Lashou, Nuomi, Gaopeng and 24quan, among others.
- Headquarter Beijing, China
- Founders Wang Xing
- Stage Public
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Meituan Class B
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IPO & Listings of Meituan
Meituan is a publicly listed company on the HKEX with ticker symbol 3690 in Hong Kong, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
24 people
Leadership Team
23 people
Human Resources and Administration
22 people
Finance and Accounting
16 people
Data Analysis and Operations Team
13 people
Senior Team
13 people
Business Team
11 people
Sales and Marketing
6 people
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Funding Insights of Meituan
Meituan has successfully raised a total of $9.86B across 9 strategic funding rounds. The most recent funding activity was a Series F round of $1.5 billion completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series F — $1.5B
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First Round
First Round
(01 Sep 2010)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series F - Meituan | Valuation | Oppenheimer , China Chengtong | |
| Oct, 2017 | Amount | Series F - Meituan | Valuation | Tencent | |
| Jul, 2016 | Amount | Series E - Meituan | Valuation | China Resources |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Meituan
Meituan has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Alibaba Group and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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early & growth stage tech and life sciences focused VC firm investing primarily in China and the US
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Meituan
Meituan has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include BeyondH, Dianping and Light Years Beyond. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based rental platform offering bicycles
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2015 | ||||
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SaaS tools for hotel management and analytics are provided.
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2013 | ||||
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Mobile point-of-sale payment products are developed and manufactured.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Meituan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Meituan Comparisons
Competitors of Meituan
Meituan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dianping, Lashou, Nuomi, Gaopeng and 24quan, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Group buying discount deals are facilitated across multiple categories.
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| domain | founded_year | HQ Location |
Location based daily-deals & group buying portal
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| domain | founded_year | HQ Location |
Local services deals are offered via group buying in China.
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| domain | founded_year | HQ Location |
Operates an online marketplace for group-buying deals on multi-category products and services.
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| domain | founded_year | HQ Location |
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Meituan
Frequently Asked Questions about Meituan
When was Meituan founded?
Meituan was founded in 2010.
Where is Meituan located?
Meituan is headquartered in Beijing, China.
Who is the current CEO of Meituan?
Wang Xing is the current CEO of Meituan. They have also founded this company.
Is Meituan a funded company?
Meituan is a funded company, having raised a total of $9.86B across 9 funding rounds to date.
What does Meituan do?
Founded in 2010 in Beijing, China, Meituan functions as an e-commerce platform focused on group-buying. Coupons and deals are offered for food delivery, restaurant reservations, entertainment tickets, travel bookings, domestic services, and various other categories. Operations center on facilitating online purchases and bookings across multiple sectors, serving users primarily in China.
Who are the top competitors of Meituan?
Is Meituan publicly traded?
Yes, Meituan is publicly traded on HKEX under the ticker symbol 3690.
How many acquisitions has Meituan made?
Meituan has made 5 acquisitions, including BeyondH, Dianping, and Light Years Beyond.
Who are Meituan's investors?
Meituan has 21 investors. Key investors include Tencent, Alibaba Group, General Atlantic, Booking, and Baillie Gifford.
What is Meituan's ticker symbol?
The ticker symbol of Meituan is 3690 on HKEX.
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