Meituan

Meituan

Meituan.com is a group-buying website specializing in localized consumer services, offering a selection of local restaurants, bars and more.

Founded: March 2010

About Meituan

Meituan.com is a group-buying website specializing in localized consumer services. It offers a selection of local restaurants, bars, cinemas, KTV, SPA, salon, and other specialty businesses with discounts.

Launched on the 4th of March, 2010, the company raised a total of $50 million from Alibaba. According to China E-commerce Research Center, Meituan’s transaction volume reached $860 million in the first six months of 2013.

China's No. 1 Marketplace for Services and O2O (Online to Offline) Platform.

Meituan was founded in March 2010 in Beijing as China's first groupbuy website. Today, Meituan is China's largest provider for local services with leading market position, tremendous annual turnover growth, and over 130 million annual active purchasers.

Meituan currently operates its businesses through three business units: Customers to Shop, Hotel Tourism, and Home Delivery Service, and a subsidiary Maoyan Movie.

- Customers to Shop business includes supports local merchants to promote marketing and management ability. Launched in 2015, Customers to Shop business enhances platform and ecosystem for win-win cooperation with industry partners.
- Hotel and Tourism business fulfills travel and holiday consumer demands. Launched in 2013, the Hotel and Tourism business currently ranks second in the relevant market in terms of room nights.
- Home Delivery Service includes restaurant takeaway ordering services. Launched in 2013, it currently ranks No. 1 in the relevant market.
- Maoyan Movie provides seat-booking services to cinema viewers. Launched in 2012, it has become the leader in the relevant industry segment.

Meituan is headquartered in Beijing, China, with established branch operations in over 1,100 cities nationwide.

Team

Funding

INVESTOR
STAGE
AMOUNT
DATE
Round: Series D
Round Size: US$700M
Date: Jan 2015

United States of America

See all investors
Round: Venture Round
Round Size: US$300M
Date: May 2014
Undisclosed

Round: Series B
Round Size: US$50M
Date: Jul 2011

United States of America

Round: Series A
Round Size: US$20M
Date: Aug 2010

Previous Investments

COMPANY
ROUND
ROUND SIZE
DATE
Round: Venture Round
Round Size: US$35M
Date: Apr, 2018
Round: Acquisition
Round Size: -
Date: Apr, 2018