Meituan Depositary Receipt (MEITUAN19)

Overview

Meituan, a leading tech retail company with operations in China and international markets, has transitioned through various phases since its inception in 2003. Initially known as Meituan Dianping, the company rebranded itself to Meituan in October 2020, marking a significant milestone in its journey. Headquartered in Beijing, China, Meituan operates through two main segments: Core Local Commerce and New Initiatives. The firm is an all-encompassing service provider, facilitating a bridge between consumers and local businesses across a wide range of services and industries. Through its innovative technology and diverse offerings, Meituan aims to enhance the daily lives of its users, making it a staple in the lives of many.

Products and Services

• Food Delivery Services - Meituan offers a comprehensive food delivery service, allowing users to easily order food from a wide range of local restaurants and eateries directly to their doorstep.
• Local Consumer Services - The platform assists consumers in purchasing services from various local merchants. This includes a vast array of in-store categories, alongside the ability to make reservations for hotels and book tickets for attractions and transportation.
• B2B Food Distribution Services and Meituan Grocery - Meituan extends its services to businesses by providing a B2B food distribution channel. Additionally, it operates Meituan Grocery, catering to consumers’ everyday grocery needs online.
• Meituan Select and Meituan Instashopping - These initiatives encompass Meituan's venture into selective retail and instant shopping options, presenting a curated selection of goods and a quick-shopping experience, respectively.
• Ride-Sharing, Bike-Sharing, and Electric Mopeds - Diversifying its transport options, Meituan offers ride-sharing services, bike-sharing programs, and electric moped rentals, facilitating easy and eco-friendly transportation solutions for urban areas.
• Power Banks and Micro-Credit Services - In addition to its core offerings, Meituan provides convenient access to power bank rentals and micro-credit services, enhancing customer convenience and financial accessibility.
• Cloud Computing Services - Expanding its technological footprint, Meituan offers cloud computing services, catering to businesses looking for reliable and efficient cloud solutions.
• Merchant Information Advisory Services - Lastly, Meituan provides merchants with advisory services, offering insights and information to help them grow their presence and improve their offerings on Meituan’s platform.