Hanwha Arirang SmartBeta Quality Securities ETF Investment Trust - Equity (222200)

Overview

Meituan is a technology retail company based in the People's Republic of China, known for its vast range of services that connect consumers with local merchants. The company operates through two primary segments: Core Local Commerce and New Initiatives. Originally founded in 2003 as Meituan Dianping, it streamlined its name to Meituan in October 2020. Over the years, Meituan has expanded its services nationwide, becoming a key player in China's technology retail landscape. Headquartered in Beijing, Meituan has proven its capability to innovate and adapt in the fast-paced technology retail market.

Products and Services

Food Delivery Services: Meituan provides an extensive food delivery service, allowing customers to order from a wide array of local restaurants and eateries directly to their doorsteps.

Local Consumer Services: The company facilitates the purchase of local services for consumers. This includes numerous in-store categories such as restaurants, beauty and fitness services, and more. Additionally, it offers reservation services for hotels, attractions, and transportation ticketing, making it easier for consumers to plan their travel and leisure activities.

Goods and Grocery Sales: Through its B2B food distribution services and the Meituan grocery division, the company sells a variety of products directly to consumers, ranging from fresh produce to grocery items.

Meituan Select & Instashopping: Meituan Select specialises in e-commerce, offering selective deals on various products. Similarly, Meituan Instashopping caters to instant shopping needs, providing a platform for users to purchase and receive goods quickly.

Ride-sharing and Bike-sharing: In the mobility sector, Meituan offers ride-sharing services, complemented by its bike-sharing and electric mopeds offerings. This diverse transportation portfolio ensures users have multiple options for getting around the city.

Power Banks and Micro-credit Services: Meituan has branched out into providing portable power bank services and offering micro-credit facilities to its customers, further diversifying its range of consumer services.

Cloud Computing Services: Recognising the growing demand for cloud solutions, Meituan provides cloud computing services, tapping into the vast potential of this technology sector.

Merchant IT and Advisory Services: The company offers information technology and advisory services tailored for merchants, assisting them in navigating the increasingly digital marketplace.

Online Marketing services: To complement its comprehensive range of services, Meituan provides online marketing solutions designed to help businesses reach their target audience more effectively.

E-commerce Service Platform: Meituan operates an e-commerce service platform, facilitating the buying and selling of goods and services online. This platform serves as a virtual marketplace for consumers and merchants to interact and transact.