Company Name: Meituan
Industry: Internet Retail
Sector: Consumer Cyclical
Description: Meituan is a leading Chinese e-commerce platform that connects consumers and businesses to offer services that cater to people's daily needs, such as food delivery, hotel booking, travel, and entertainment. The company operates through three segments: Food Delivery, In-store, Hotel & Travel, and New Initiatives and Others.
The Food Delivery and Services segment offers online food ordering and delivery services, as well as on-demand delivery services for groceries, medicine, and other items.
The In-Store, Hotel and Travel segment provides online and offline services for in-store consumption, such as restaurant reservation, queue management, table ordering, and electronic membership cards. This segment also offers online booking and information services for hotels, guesthouses, apartments, and other accommodation providers, as well as travel products and services, such as flight tickets, train tickets, car rental, and tour packages.
The New Initiatives and Others segment provides various innovative services and products, such as bike-sharing, car-hailing, online healthcare, community group buying, and B2B food distribution.
Meituan was founded in 2010 by Wang Xing, Mu Rongjun, and Wang Huiwen, who were former classmates at Tsinghua University. The company is headquartered in Beijing, China, and has offices in various cities. The company’s stock is traded on the Hong Kong Stock Exchange under the symbol 3690.HK.
CEO: Xing Wang
Website: https://about.meituan.comExchange: Hong Kong Stock Exchange (HKSE)