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Meituan operates a leading technology platform connecting consumers with comprehensive local lifestyle services. Its ecosystem includes on-demand food delivery, in-store dining, hotel and travel bookings, and mobility solutions. The company leverages advanced technology to streamline daily needs, enhancing convenience for both users and local businesses.
Founded in 2010 by Wang Xing, Meituan began as a group-buying website. Wang Xing, a seasoned entrepreneur with prior successes like Xiaonei.com and Fanfou.com, identified the opportunity to integrate diverse local services onto a singular online platform, expanding significantly beyond its initial model.
Meituan serves a vast consumer base seeking daily conveniences and empowers local merchants with digital tools and expanded market access. The company’s mission, "help everyone eat better, live better," drives its vision to integrate online and offline commerce, continually elevating quality of life and service efficiency across its regions.
Meituan has raised $8.1B across 5 funding rounds.
Key people at Meituan.
Meituan was founded in 2010 by Wei Long (Co-Founder) and Bo Zhang (Co-Founder) and Xing Wang (Co-founder and CEO) and Mu Rongjun (Co-founder and Chief People Officer) and Edward Long (SVP, Board Director, Co-Founder).
Meituan has raised $8.1B in total across 5 funding rounds.
Meituan was founded in 2010 by Wei Long (Co-Founder) and Bo Zhang (Co-Founder) and Xing Wang (Co-founder and CEO) and Mu Rongjun (Co-founder and Chief People Officer) and Edward Long (SVP, Board Director, Co-Founder).
Meituan has raised $8.1B in total across 5 funding rounds.
Meituan's investors include Tencent, GIC, Sequoia Capital, Tiger Global, Capital Today, CDB Kai Yuan Capital Management, DST Global, TBP, Temasek Holdings, Sequoia Capital China.
Key people at Meituan.
Meituan is a leading Chinese technology company that operates a comprehensive platform for local services, including on-demand food delivery, in-store services, consumer reviews, hotel and travel bookings, and instant retail. It primarily serves consumers and local merchants by solving the problem of fragmented local service access through a unified digital platform that enhances convenience, choice, and efficiency. Meituan has demonstrated strong growth momentum, with over 200 million users by 2015 and expanding internationally with brands like KeeTa. It reported robust financial performance in early 2025, with revenues exceeding CNY 86 billion and significant net profits[1][2][3].
Founded in March 2010 by serial entrepreneur Wang Xing, Meituan began as a group-buying website inspired by Groupon’s model, aiming to connect consumers with local businesses through discounted deals. The founding team included Mu Rongjun, Liang Foxing, and Chen Mei Wah, who brought expertise in internet product development and user acquisition. Early traction came quickly as Meituan expanded from Beijing to major Chinese cities and diversified its offerings, notably launching its food delivery service Meituan Waimai in 2013. A pivotal moment was the 2015 merger with Dianping, which combined local services and consumer reviews into a dominant platform in China’s local services market[1][2][5].
Meituan rides the global trend of O2O (online-to-offline) platforms and super-app ecosystems, where digital technology integrates multiple daily services into a single app. The timing aligns with rapid urbanization, growing middle-class consumption, and increasing demand for convenience in China and beyond. Market forces such as mobile internet penetration, digital payment adoption, and consumer preference for on-demand services favor Meituan’s growth. Its influence extends by setting a model for service economy platforms globally, inspiring similar companies in India, Latin America, and Southeast Asia[4][6].
Looking ahead, Meituan is poised to deepen its international expansion, enhance AI-driven logistics and personalized services, and further integrate retail and lifestyle offerings under its “Retail + Technology” strategy. Trends such as AI, smart logistics, and cross-border e-commerce will shape its journey. As it evolves, Meituan’s influence may grow beyond China, potentially becoming a global leader in the service economy super-app space, continuing to redefine how consumers access local services and goods[1][3][6]. This trajectory ties back to its founding vision of helping people "eat better, live better" through technology-enabled convenience and choice.
Meituan has raised $8.1B across 5 funding rounds. Most recently, it raised $400.0M Other Equity in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 15, 2021 | $400.0M Other Equity | Tencent | |
| Oct 19, 2017 | $4.0B Series C | Tencent | GIC, Sequoia Capital, Tiger Global |
| Jan 20, 2016 | $3.3B Other Equity | Capital Today, CDB Kai Yuan Capital Management, DST Global, TBP, Temasek Holdings, Tencent | |
| Apr 1, 2014 | $300.0M Series C | Sequoia Capital China | |
| Jun 1, 2011 | $50.0M Series B | Sequoia Capital China |