[8] Meituan.com is a group-discount website that sells vouchers from merchants for deals, subject to a minimum number of buyers who demand a discount, from which Meituan generates commissions.

[3][9] Piloted in Shanghai and Beijing, Meituan had rapidly expanded to second-tier and third-tier cities, totalling 200 million users in 2015.

Earlier estimates show that there were 2000 voucher selling companies in the mid-2000s and due to intense competition in the industry only a few have emerged as dominant players.

In May 2014, global growth equity firm General Atlantic led a $300 million Series C funding round with two other investors.

[16] On September 20, 2018, Meituan Dianping debuted on the Hong Kong stock exchange at an IPO price of HK$69 per share.

[20] The same month, the State Administration of Market Regulation announced an investigation into Meituan for alleged anticompetitive practices.

[23] Ultimately, Meituan accepted a fine without making any appeal and stated that it would comply with regulatory requirements in the future.

Widely used, the service has emerged as a key driver of user engagement on the platform, pushing traffic to other offerings such as hotel and travel bookings.

[29] Meituan Select (“美團優選”) - Provides next day delivery for non-immediate demand products such as appliances, apparel, necessities, operating in lower-tier markets.

[30] Launched in 2020 in China during the COVID-19 pandemic, the online platform uses a bulk purchasing model grouping orders and enabling cost savings for customers.

Meituan-Select worked as an "next-day supermarket," delivering products to designated pick-up spots, such as local shops, where customers could collect their orders.

That made Meituan shift its strategy to improving supply chain efficiency and profitability by achieving positive margins by 2023.

Meituan also leverages its data analytics to  provide smaller and medium-sized hotel merchants with tools to drive traffic, improve room renovation solutions, and expand their marketing strategies.

[36] The livestream model gained traction after COVID as part of efforts to encourage Chinese nationals to travel again.

Research and development (R&D) and production of bikes follow environmentally friendly practices and national safety standards.

[39] Building on its service offerings, Meituan introduced self-driving vehicles in 2021, focusing on expanding into densely populated cities such as Shanghai, Beijing, and Shenzhen.

This new alternative to delivery services has grown in recent years, gaining traction as the adoption of driverless vehicles, including autonomous city buses and taxis, continues to rise in China.

[40] Through a partnership with Li Auto Inc. Meituan leverages the company's intellectual property to advance its autonomous vehicle development.

The IP license includes Li Auto’s SEV model’s complete vehicle design plan, molds, and tooling.

[47] Keeta’s expansion plans align with Saudi Arabia's vision for 2030, with an investment of SR1 billion ($266.6 million) to improve operations, create jobs, and enhance services.

[48] Keeta focuses on affordability, diverse range of restaurants, faster delivery and tailored customer experience to progress in the Saudi Arabian market.

Meituan offers a one-stop "travel life" service platform for users to achieve coverage of full consumption in different places.

[49] In 2020, the company will achieve revenue of RMB 114.8billion, with 511million annual users (mainly from the takeaway business in 2020), 6.8million active merchants, 355million domestic hotel nights, ranking first in the industry in the amount of hotel nights, and a solid market share for Meituan takeaway, making Meituan the leading local lifestyle service platform.

Joined in November 2014, he oversees the company's finances, strategic planning, investments, and capital market activities.

[52] Received the Best Short-Term Investing Solution in 2019 award from Treasury Today Group in tandem with JP Morgan Asset Management.