I am about to join Meituan, but the contract I signed is with Kuxun Company, not Beijing Sankuai Technology. What is the difference?

There is no difference. Meituan has acquired Kuxun as a whole.

TripAdvisor is a subsidiary of the international online travel giant Expedia. Kuxun and Elong were once Expedia’s main pawns in China. TripAdvisor stated that this transaction with Meituan is consistent with the company’s strategy in China and that TripAdvisor will focus on developing the rapidly growing outbound travel market.

Meituan did not disclose the price for acquiring Kuxun. Market rumors said it was between tens of millions of US dollars and US$100 million. The reporter learned from people familiar with the matter that after this overall merger, Kuxun’s business will be integrated into Meituan’s hotel and tourism business group just established in July this year, and Kuxun CEO Zhang Haijun will also leave.

Extended information

Company size

Meituan’s sales in July 2012 have exceeded 500 million yuan, with local service sales accounting for the total sales 95.14%. Meituan’s transaction volume exceeded 4.5 billion yuan in August 2014. As of August, the monthly transaction volume of Meituan in eight major cities including Beijing, Shenzhen, Shanghai, Guangzhou, Xi'an, Wuhan, Hangzhou and Chengdu exceeded 100 million yuan.

In 2014, Meituan’s annual transaction volume exceeded 46 billion yuan, a year-on-year increase of more than 180%, and its market share accounted for more than 60%. Meituan.com data shows that in December 2014, the monthly transaction volume reached 6.3 billion yuan, and the single-day transaction volume exceeded 300 million yuan. In terms of market share, Meituan.com’s market share exceeded 60%, which was 53% higher than in 2013. % increased by 7 percentage points.

People's Daily Online-Meituan acquires Kuxun as a whole

Baidu Encyclopedia-Meituan.com