Meituan (HKEX: 3690.HK)
Internet Retail · Beijing, China · Founded 2010
- Market capitalization: $80.0 billion
- Annual revenue: $35.0 billion
- Net income: $2.0 billion
- Employees: 100,000
- Sector: Consumer Cyclical
- Headquarters: Beijing, China
- Founded: 2010
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Meituan is China's dominant on-demand services platform, often described as a super-app combining food delivery, hotel booking, movie ticketing, grocery delivery, and ride-hailing. Its food delivery business commands roughly 70% market share in China. With over 600 million annual transacting users, Meituan touches daily life in China like few other platforms.
Meituan takes commissions from restaurants and merchants for delivery and marketing services, charges hotels for booking referrals, and earns advertising revenue across its platform. The high-frequency nature of food delivery drives user engagement that cross-sells into higher-margin services like travel.
Wang Xing founded Meituan in 2010 as a Groupon-style daily deals site. The company merged with rival Dianping in 2015, creating an unassailable local services giant. Meituan went public in Hong Kong in 2018 and survived a $530 million antitrust fine in 2021.
| Market Capitalization | $80.0B |
| Annual Revenue | $35.0B |
| Net Income | $2.0B |
| Profit Margin | 6% |
| Revenue per Employee | $350000K |
| Stock Exchange | HKEX |
| Ticker Symbol | 3690.HK |
Financial data is approximate and based on most recent annual filings.
Meituan employs millions of delivery riders—its fleet is one of the largest workforces managed by a single platform globally. The company has tested drone deliveries in Shenzhen that can drop off meals in under 15 minutes from order placement.
Meituan's local services moat is deep and getting deeper, but margin pressure from regulators demanding better rider welfare and intensifying competition from Douyin in local commerce keeps the profit outlook uncertain.
What is Meituan's revenue?
Meituan generates approximately $35.0 billion in annual revenue.
How many employees does Meituan have?
Meituan employs approximately 100,000 people worldwide.
What is Meituan's market cap?
Meituan (3690.HK) has a market capitalization of approximately $80.0 billion on the HKEX.
When was Meituan founded?
Meituan was founded in 2010 and is headquartered in Beijing, China.
Who is the CEO of Meituan?
Wang Xing is the current CEO of Meituan.
What is Meituan's website?
Meituan's official website is meituan.com.
| CEO | Wang Xing |
| Sector | Consumer Cyclical |
| Industry | Internet Retail |
| Founded | 2010 |
| HQ | Beijing |
| Country | China |
| Website | meituan.com |
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