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Meituan's mission is "Better Together". Founder Wang Xing has built "**** the same wealth" into the DNA of Meituan. As China's leading e-commerce platform for lifestyle services, the company owns familiar apps such as Meituan Dianping and Meituan Takeaway, and its services cover more than 200 categories such as catering, takeaway, fresh food retailing, taxi, *** enjoying bicycle, hotel and tourism, movie, leisure and entertainment, etc., and its business covers 2,800 counties, districts, and cities across the country.
Currently, Meituan's strategy focuses on Food+Platform, which is building a multi-level technology service platform for the life service industry from the demand side to the supply side, with "eating" as the core. Meituan is focusing on building itself into a social enterprise, hoping to build a smart city through in-depth cooperation with party and government departments, universities and research institutes, mainstream media, public welfare organizations, and eco-partners.
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In 2019, the company's annual revenue increased 49.5% year-on-year to 97.5 billion yuan, total annual transaction value increased 32.3% year-on-year to 682.1 billion yuan, and the platform's annual transaction users reached 450 million, with the food and beverage takeaway business continuing to see strong growth, with the number of annual transaction pens increasing by 36.4% to 8.7 billion transactions.
The Q3 2020 financial report shows that Meituan annual transaction users 480 million, the average number of user transactions 26.8, active merchants 6.5 million.