Dianping, or the Yelp of China, was a great complement to Meituan’s 2-sided platform strategy. Their rival is Meituan Dianping which is owned by Tencent. It is like a specific social networking site for the food industry. Originally Meituan and Dianping were two separate companies competing in essentially the same space. Meituan Dianping should build a strategy that can integrate societal values, infrastructure, and Meituan Dianping business model. With Meituan Dianping positioned in the middle taking a piece of each sale, it’s easy to imagine why they were able to raise over 4 billion dollars during their IPO in September 2018. 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. Meituan Dianping (HKG: 3690) (the "Company" or "Meituan") is China's leading e-commerce platform for services. Meituan was more popular in second and third-tier cities while Dianping was most well known in first-tier cities. Find out how the leading e-commerce platform for services is shaping the country’s Internet landscape and why we think it has the potential to become China’s next ten-bagger. 880 37 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. Although the company has over 60% market share it has still been unable to turn a profit. Ele.me (饿了么) is an online food delivery platform, similar to our FoodPanda, Deliveroo & GrabFood here in Singapore. Food delivery, In-store, Hotel & Travel and ; New initiatives & Others. It now leads the industry with reviews and movie-ticket-selling services. With 80 percent of tickets purchased online its quite the impressive feat! Tao Zhang: Glad to be here. Meituan Dianping is a Chinese company that aspires to be the Amazon of services. Meituan Dianping launched its food delivery business in 2013. Overall it seems like Meituan’s hotel & tourism business is really picking up! In other words, it fulfills both B2C and B2B customers’ demands. Meituan Dianping (HKG: 3690) (the "Company" or "Meituan") is China's leading e-commerce platform for services. With its confidence and “death or victory” spirit, the firm’s aggressiveness has been shown in its various cash wars throughout the years. What makes it so special is its integrations. Both firms face stiff competition from their peers. As Meituan’s fastest growing business line, it’s expected that Meituan Dianping will continue to invest and develop its capabilities in this area. Management. 0000022906 00000 n The Maoyan app had 130 million MAUs in the first half of 2018, with the service covering theaters in more than 600 cities across China. Meituan Dianping app on a … Naturally, this increase in orders and transaction values resulted in increased revenues. The app has been doing so well that it was able to capture nearly 60% market share in the first half of 2018. <<7090F222ECDC694FB45C593F6D22496F>]/Prev 1320305/XRefStm 1613>> Members can even purchase data reports with industry-specified statistics. 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. “Xue” in Chinese means to learn. 0000026674 00000 n 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. 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. Meituan Dianping is famous for never making a profit yet and burning cash to acquire market share. Originally Meituan and Dianping were two separate companies competing in essentially the same space. Both Ele.me and Meituan dominates the food delivery landscape in China. Dianping, or the Yelp of China, was a great complement to Meituan’s 2-sided platform strategy. Revenues increased by 42.8% to RMB 5.2 billion compared from the previous year’s RMB 3.7 billion. However, the stakes of their growth is as high as their ambitions are. Low. As of Q2 2019, Gross Transaction Value (GTV) of its food delivery service grew 36.5% to RMB 93.1 billion while the number of orders increased by 34.6 percent to 2.1 billion orders. 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. h���A 0ð4��t\Gcw��������z�C. Over the years it’s developed into one of the most powerful forces in the Chinese movie industry. This way businesses are able to easily advertise themselves based on the demographics, location, consuming patterns and preferences of their target customers. Insights into the Business Model & Revenue Model of Meituan. Meituan leveraged this user base to launch Meituan Waimai. 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. Providing a bunch of … It offers full coverage of travel and lifestyle services, allowing users to complete their online purchases within just one app. 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. - 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. In other words, it fulfills both B2C and B2B customers’ demands. We’ll discuss this in greater detail later on in this post with Meituan’s advertising service, Meituan Union. How Meituan Dianping Became The World’s Most Innovative Company, Originally Meituan and Dianping were two separate companies competing in essentially the same space. 0000014447 00000 n %PDF-1.4 %���� 0000003383 00000 n Dragon Social offers revolutionarily simple and effective social media marketing services to international companies. 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 … While businesses can learn from each other with more frequent contact it also provides businesses with the possibility to collaborate and potentially work together with one another through its social features. In 2015, these bitter rivals finally combined forces through a merger and became another Chinese super-app including features from apps like Groupon, Deliveroo, Tripadvisor, and Yelp! All the software you need within just one single system. The focus aim is achieved through the O2O Business Model and Meituan, Ratio analysis of Meituan (2017-2019), share price movement we have use average moving Meituan Dianping (3690.HK), price to sales ratio among E-commerce firms. Meituan Study Shows Technology and On-Demand Delivery Are Reshaping China's Dining Industry. 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. China’s O2O market is in the consolidation phase, and the competition is fierce. Both Ele.me and Meituan dominates the food delivery landscape in China. 0000015905 00000 n But there’s one thing that sets Meituan-Dianping apart from JD. endstream endobj 915 0 obj <>/Filter/FlateDecode/Index[77 803]/Length 48/Size 880/Type/XRef/W[1 1 1]>>stream Together with its competitor Taopiaopiao these two companies process nearly 90% of online movie ticket bookings! By Hans Tung and Rita Yang, with Contribution from Erica Yu. 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