Meituan

About

Meituan develops and operates a platform providing retail and online group buying services.

Beijing,Beijing,China
10001 - max
https://about.meituan.com

Highlights

Details

Last Funding Type: Series Unknown
Industries: E-Commerce,Food Delivery,Internet,Local Business
Founded date: Jan 1, 2010
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: hkg:3690
Legal Name: Meituan Inc
Also Known As: 美团点评,新天际创展,Xintianji Chuangzhan,新天际创展(北京)投资管理有限公司,Meituan,Dianping,Meituan Group

Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors.

Zhang Tao founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

10

$21.48B

Meituan has raised a total of $21.48B in funding over 2 rounds. Their latest funding was raised on Apr 19, 2021 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 19, 2021	Post-IPO Equity	$400M	1	Tencent	—	Detail
Apr 19, 2021	Post-IPO Equity	$6.58B	—	—	—	Detail
Apr 19, 2021	Post-IPO Debt	$3B	—	—	—	Detail
Sep 19, 2018	IPO	$4.20B	—	—	—	Detail
Aug 10, 2018	Secondary Market	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

57

26

Meituan has made 57 investments. Their most recent investment was on Dec 23, 2022, when Qitan Technology raised ¥700M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 23, 2022 Qitan Technology	Series C	¥700M	Biotechnology	Yes
Aug 17, 2022 Sunwoda Electric Vehicle Battery	Series A	¥6B	Battery	Yes
Jun 20, 2022 Mech-Mind	Series C	—	Artificial Intelligence	Yes
May 23, 2022 ROBOT++	Series B	$15M	Artificial Intelligence	Yes
Apr 29, 2022 VisionNav Robotics	Series C	¥500M	Automotive	Yes

Investors

Number of Lead Investors

Number of Investors

4

21

Meituan is funded by 21 investors. Tencent and Booking Holdings are the most recent investors.

Investor Name	Lead Investor	Funding Round
Tencent	Yes	Post-IPO Equity
Booking Holdings	Yes	Series F
China Resources	Yes	Series Unknown
G Squared	—	Secondary Market
Qiming Venture Partners	—	Series Unknown
Canada Pension Plan Investment Board	—	Series F
Capital Group	—	Series F
Coatue	—	Series F
GIC	—	Series F
Glade Brook Capital Partners	—	Series F

Employee Profiles

Number of Employee Profiles

10

Meituan has 10 current employee profiles, including Employee Cathryn Chen

Employee

Board member

Executive

Executive

Executive

Exits

Meituan has had 3 exits. Meituan most notable exits include Gojek , Waterdrop

Date	Company Name	Exit Type	Industry
Apr 11, 2022	Gojek	IPO	Consumer Applications	Detail
May 6, 2021	Waterdrop	IPO	Health Care	Detail
Dec 13, 2017	TzxStar	M&A	Catering	Detail

Acquisition

Meituan has acquired 6 organizations. Their most recent acquisition was Meituan.com on Oct 1, 2015. They acquired Meituan.com for 0.

Date Company Name	Industry	Acquisition Type	Price
Oct 1, 2015 Meituan.com	Consumer	merge	—	Detail
Oct 8, 2015 Dazhong Dianping	Consumer	merge	—	Detail
Sep 27, 2016 Beijing Qiandaibao Payment Technology	Mobile Payments	acquisition	—	Detail
Apr 4, 2018 Meituan Bike	Apps	acquisition	$ 2.70B	Detail
May 16, 2018 Passiontec	Catering	acquisition	¥ 50M	Detail