The development history of Meituan.com

1. 2010

On March 4, 2010, Wang Xing launched Meituan.com.

In March 2010, it received seed investment from angel investor Wang Jiang;

On May 4, 2010, Meituan.com Shanghai station was launched.

On May 6, 2010, Meituan Wuhan Station was launched.

On July 26, 2010, Meituan’s Xi’an station was launched.

On August 2, 2010, Meituan Guangzhou Station was launched.

In August 2010, it received US$12 million in Series A investment from Sequoia Capital;

On October 19, 2010, Meituan Wuxi Station was launched.

On October 22, 2010, Meituan Nanjing Station was launched.

On December 22, 2010, Meituan Shijiazhuang Station was launched.

2. 2011

In July 2011, Meituan received US$50 million in Series B financing from Alibaba and Sequoia Capital;

December 2011 On March 28, China.com - Meituan.com won the title of "Best Group Buying Website of the Year".

China Economic Net, December 23, 2011 - Meituan.com’s November sales exceeded 250 million, ranking first in the group buying industry

Meituan.com, December 22, 2011 Selected as one of the "Top Ten Online Shopping Brands"

On July 13, 2011, Alibaba led a US$50 million investment in Meituan.com.

On April 6, 2011, CCW News reported that Meituan.com won the title of “Group Buying Star”.

3. 2014

In May 2014, it was reported that Meituan received US$300 million in Series C financing, led by General Atlantic Capital, with participation from Sequoia Capital and Alibaba. , the valuation of Meituan’s Series C financing is around US$3 billion.

4. 2015

In January 2015, Meituan completed a D round of financing totaling US$700 million, with a valuation reaching US$7 billion.

In July 2015, Meituan confirmed to the media that it had decided to acquire Kuxun wholly for tens of millions of dollars. After the acquisition of Kuxun, Meituan.com will continue to accelerate its layout of hotel tourism and improve the industrial chain. ?

On September 15, 2015, the remarks about "Meituan's financing failure" appeared, which caused a bad social impact on Meituan.com. At the same time, Meituan stated that it has identified the identity information of the rumor mongers and has obtained relevant evidence involved in the case. It will immediately initiate civil litigation and report the case to the public security organs to pursue the criminal liability of the rumor mongers. ?

On October 8, 2015, Meituan and Dianping announced their merger. Dianping and Meituan jointly issued a statement announcing a strategic cooperation and the establishment of a new company. The new company will become China's leading platform in the O2O field.

The new company will implement a Co-CEO system. Meituan CEO Wang Xing and Dianping CEO Zhang Tao will serve as co-CEOs and co-chairmen at the same time. Major decisions will be completed at the co-CEO and board of directors levels. The new company estimates Valued at over US$15 billion, this transaction received strong support from shareholders such as Alibaba, Tencent, and Sequoia. China Renaissance Capital served as the exclusive financial advisor to both parties in this transaction.

In November 2015, Alibaba confirmed its withdrawal from Meituan.

5. 2016

In January 2016, Meituan-Dianping completed its first financing, with a financing amount exceeding US$3.3 billion. After financing, the new company was valued at more than US$18 billion.

On July 18, 2016, the lifestyle service e-commerce platform Meituan-Dianping (referred to as "New Meituan") announced that it had received strategic investment from China Resources Enterprise Lianhe Fund, a subsidiary of China Resources, and the two parties will establish a comprehensive strategy cooperate.

On September 26, 2016, Meituan announced the acquisition of Qiandaibao and officially obtained a third-party payment license.

VI. 2017

On January 18, 2017, Meituan-Dianping’s dual platforms simultaneously launched overseas hotels.

On February 14, 2017, Meituan launched the “Meituan Taxi Hailing” service in Nanjing. ?

On April 12, 2017, Meituan-Dianping launched Zhenguo B&B, focusing on the entire rental business.

On April 20, 2017, Meituan-Dianping increased its wine and travel business and launched the travel brand Meituan Travel.

On June 16, 2017, Meituan-Dianping launched Zhangyu Fresh Food and also opened offline stores.

On the afternoon of July 24, 2017, Meituan-Dianping and other four major online food ordering platforms respectively established special food safety funds (hereinafter referred to as the "Funds") under the guidance of the Beijing Municipal Food and Drug Administration. To monitor food safety risks, the first batch of funds was RMB 700,000. The alliance platform will ban the sale of meals with outstanding risks and hidden dangers.

On September 9, 2017, the Meituan Travel app was launched and Angelababy was signed to endorse the brand.

Seven. 2018

On the afternoon of January 16, 2018, Jia Yueneng, Secretary of the Party Leadership Group of the District Environmental Protection Bureau and Leader of the Large Survey Leading Group, and Director of the District Environmental Protection Bureau and Large Survey Shen Qunhui, deputy leader of the leading group, led the team to visit Meituan-Dianping’s Shanghai headquarters, listen to corporate opinions and suggestions, and exchange views on environmental protection work.

In April 2018, Meituan Travel and UnionPay International recently reached an in-depth cooperation to further explore technology, big data and shopping experience to make travel shopping more favorable and convenient. The UnionPay International Brand Pavilion jointly built by both parties officially launched on Meituan Travel on April 3, 2018.

In April 2018, Meituan acquired Mobike with 35% of Meituan’s equity and 65% in cash, of which US$320 million was used as future liquidity supplement. The A and B series investors and the founding team $750 million in cash is out. In response to this, Mobike founder Hu Weiwei responded in WeChat Moments today, "There is no so-called exit. In my opinion, everything is a new beginning."

On May 16, 2018, Meituan fully acquired Pingxin Technology. After the acquisition is completed, Pingxin Technology will continue to operate independently, and the future division of labor of the team will remain unchanged.

On June 22, 2018, Meituan-Dianping officially submitted an IPO application to the Hong Kong Stock Exchange. On June 25, the prospectus was disclosed on the official website of the Hong Kong Stock Exchange. The co-sponsors of Meituan’s listing in Hong Kong are Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch, all major international foreign banks.

On July 26, 2018, Meituan’s unmanned delivery open platform was announced to be online, and it will realize large-scale operation in the area in 2019.

On September 20, 2018, Meituan-Dianping was listed on the Hong Kong Stock Exchange.

In November 2018, Meituan shut down its time-sharing leasing business that had been operating for nearly a year. People familiar with the matter said that the main reason why Meituan closed this business was because "the business model cannot be run smoothly and it is difficult to achieve profitability."

Extended information:

Important events of Meituan:

In 2014, Meituan’s annual transaction volume exceeded 46 billion yuan, an increase of more than 180% over last year. The market share accounted for more than 60%, an increase of 7 percentage points from 53% in 2013.

On January 18, 2015, Meituan.com CEO Wang Xing stated that Meituan had completed US$700 million in financing and its valuation reached US$7 billion.

On October 8, Dianping and Meituan announced their merger. Meituan CEO Wang Xing and Dianping CEO Zhang Tao will serve as co-CEOs and co-chairmen.

In November, Alibaba confirmed its withdrawal from Meituan.

On November 10, Meituan CEO Wang Xing sent an internal email stating that he would no longer serve as co-chairman.

In August 2016, the Beijing Municipal Food and Drug Administration used high-tech means to search and monitor illegal activities on the Internet, providing regulatory authorities with a number of illegal clues and investigating and handling a large number of illegal cases.

On August 10, the Beijing Municipal Food and Drug Administration launched an investigation into Meituan.

On June 22, 2018, Meituan-Dianping officially submitted an IPO application to the Hong Kong Stock Exchange.

On September 20, Meituan-Dianping was listed on the Hong Kong Stock Exchange.

On August 14, 2019, the inspection team came to the Shanghai branch of Meituan Taxi to conduct a door-to-door inspection.

Through the comparison of data on the regulatory platform, it was found that "Meituan Taxi" had illegal dispatching behavior, and the traffic law enforcement department issued a penalty decision of 30,000 yuan on the spot.

Baidu Encyclopedia-Meituan.com