Meituan
TOPIC
 / company

Meituan

Meituan
Meituan
Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants.
Chairman / President
Wang Xing
CEO / Managing Director
Wang Xing
CFO / Finance Director
Chen Shaohui
Industry
E-commerce
Website
meituan.com
Headquarters address
No. 4 Wangjing East Road, Chaoyang District, Beijing, China
Stock Code
SEHK:3690
Year founded
2010
last updated:
30 September, 2024
AI has emerged as a bright spot in a bleak domestic job market in China’s “new economy”. Photo: Shutterstock
Artificial intelligence

China faces AI talent shortage in otherwise booming industry, report finds

A quarter of ‘new economy’ job openings this year on the Maimai platform have been directly related to AI, as Big Tech firms fight for top talent.

videocam
4
E-commerce

China’s food delivery platforms force riders to take breaks after long hours

E-commerce

Walmart partners with Chinese delivery giant Meituan for speedy service

E-commerce

Exclusive | China’s Meituan to expand Keeta food delivery service to more Middle East cities

Wang Xing, founder and CEO of Meituan, said last week that the company has seen some ‘encouraging results’ in Saudi Arabia.

Keeta employees promote the food delivery service to customers in Hong Kong. Photo: Jelly Tse
E-commerce

Meituan’s quarterly revenue soars 22% on local commerce growth

The Chinese food delivery giant’s revenue for the September quarter reached 93.6 billion yuan.

SCMP Highlights

Recap | Shanghai court says crypto ownership legal, Hong Kong food-delivery drones: 5 tech stories

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation.

Advertisement
Advertisement
E-commerce

Meituan aims to launch meal deliveries by drones in Hong Kong

The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.

A Meituan drone delivers takeout food to customers in Shenzhen, China. Photo: VCG via Getty Images
Google

Meituan-owned Keeta, video game AFK Journey among Google’s ‘Best of 2024’ apps

The latest recognition received by Keeta and AFK Journey reflect the increased sophistication of China’s app developers.

Artificial intelligence

The fight for AI talent heats up in China

The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.

Artificial intelligence

Urgency of AI development at Meituan underscored as co-founder returns

After selling his AI start-up Light Year to Meituan last year, Wang has reportedly returned to lead the company’s AI efforts.

Meituan co-founder Wang Huiwen. Photo: Handout
Artificial intelligence

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout
Artificial intelligence

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

Artificial intelligence

China’s Zhipu AI says its app can operate your smartphone for you

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

Golden week

Chinese tech giants from ByteDance to Meituan see rise in ‘golden week’ spending

Major online platforms for dining and travel-booking services recorded increased expenditure by mainland consumers during the annual holiday.

Mainland consumers splurged on travel and dining services provided by major online platforms during the annual break. Photo: Bloomberg
Hong Kong Stock Exchange

Meituan co-founder cashes out US$44.3 million amid Chinese stock rally

Mu Rongjun, an executive director of the on-demand delivery firm, sold the shares after a 240 per cent price rally since a February low.

On-demand delivery giant Meituan is seen as potentially one of the biggest beneficiaries of a rebound in Chinese consumer spending. Photo: Shutterstock
Alibaba

Alibaba waives delivery fees for Hong Kong’s Taobao users in US$142 million plan

Delivery charges on the city’s Taobao users will be waived for certain orders that cost more than US$14 during this fourth quarter.

6
E-commerce

Meituan riders earn more than the average Beijinger, data shows

A new report by the company portrays gig employment as an alternative for people in between full-time jobs.

Advertisement
Advertisement
China technology

Meituan’s delivery workers earn US$11 billion in 2023, CEO says

CEO Wang Xing’s internal announcement reflects Meituan’s efforts to address mainland policymakers’ concerns over the welfare of gig workers.

About 4.5 million of Meituan’s more than 7 million delivery workers are covered with insurance for occupational injury. Photo: Shutterstock
E-commerce

China’s Meituan plants flag in Saudi Arabia after Hong Kong debut

The Beijing-based company has introduced its food ordering app Keeta in Al-Kharj, ahead of an expected launch in the capital, Riyadh.

Artificial intelligence

Chinese unicorn Zhipu AI raises new funding from state-backed investor

State-backed investment vehicle Zhongguancun Science City Innovation Development estimates Zhipu AI’s value at around US$2.8 billion.

E-commerce

Pinduoduo updates rules to kick out sellers of shoddy products

A PDD executive said in a recent post-earnings call that the company is willing to sacrifice short-term profits for long-term health.

Pinduoduo is taking measures to weed out sellers of low-quality or fake products. Photo: SCMP
E-commerce

My Take | Beijing’s ‘anti-involution’ stance looks to tame e-commerce sector, price wars

Major online retail platforms are expected to make changes on algorithms, policies and charges that have fanned excessive competition.

Amid weakened consumer spending, a property slump and ageing population, competition among e-commerce platforms to woo buyers has become brutal. Photo: Shutterstock
E-commerce

Meituan reports strong second quarter growth on popularity of discounted meals

China’s largest on-demand service provider Meituan reported a 21 per cent jump in second-quarter revenue, bolstered by growth in its core local commerce operations.

E-commerce

Meituan enables 30-minute delivery of home appliances with Midea

The food delivery giant is tapping into China’s growing on-demand e-commerce market by offering a wider variety of products.

ByteDance

ByteDance cracks down on corruption and bribery cases in first half of 2024

About 88 ByteDance employees were sacked, while 17 others were taken into custody by public security authorities for the reported offences.

The internal misconduct cases reported by ByteDance included incidents of bribery and misappropriation of company property. Photo: Shutterstock
Cybersecurity

China’s leading apps, including WeChat and Taobao, test proposed cyber ID system

More than 50 apps recently started accepting virtual IDs created under this proposed authentication system for user account registration and login.

Legal experts have expressed concerns over the proposed regulation’s implications on mainland app users’ privacy and government oversight. Photo: Shutterstock
Mobile payments

Alipay drives evolution of contactless payments in China with new tap-and-pay service

Alipay expects its Tap! service, which is being rolled out in major cities across mainland China, to ‘expedite in-store mobile payments’.

Alibaba

Alibaba’s Taobao adds 1-hour delivery short cut in race against ByteDance, JD.com

With on-demand delivery the latest front in China’s e-commerce war, Taobao is using Alibaba’s Ele.me and Freshippo to expand its offerings in the category.

Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement