# Meituan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meituan

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.meituan.com
- Total disclosed funding: $4B
- Latest round: Series D (Oct 1, 2017)
- Investors on record: 18

## About

Founded in 2010 and based in Beijing, China, Meituan Inc., doing business as Meituan, started its business as an online food ordering platform. Nowadays, the company also sells vouchers and discount coupons for consumer services, and offers grocery delivery, and restaurant reservations. The company was formed as a merger between Metiuan and Dazhong Dianping in 2015. The founder of the company is Xing Wang, who previously founded another food delivery platform (Fanfo) and a social platform (Renren). From 2014 to 2020, the company formed multiple subsidiaries, expanding its business to hotel booking, movie ticketing, and taxi hailing. In 2018, the company was listed on the SEHK under the stock code 3690. In July 2021, Meituan, Inc. raised USD 400 million in strategic investment from returning investor Tencent Investment.

Meituan Inc. operates an online shopping and food delivery platform that provides consumer services vouchers and discount coupons. Users can purchase consumer service vouchers and coupons for movie tickets, hospitality services, restaurants, travel, etc. The company also sells food and groceries online and provides delivery services to consumers. The company started to diversify its business since mid-2010s, the new business includes taxi-hailing and bike-renting, power bank-renting. Those business operates individually under Meituan's subsidiaries -- Meituan Taxi, Meituan Bike, and Meituan Power Bank.

The company generates revenue via the services it provided, such as food ordering, ticketing and renting. The company's revenue reached 219 million CNY in 2022.

## Funding rounds

- Series D, Oct 1, 2017, $700M — Hong Shan, NLVC, Fidelity Investments, MSA Capital, Hillhouse Investment, G Squared, Glade Brook Capital Partners, Brookside Equity Partners, Alpha Square Group, Hanyun Capital
- Series E, Jan 19, 2016, $3.3B — Hong Shan, Temasek Holdings, CPP Investment Board, Capital Today, China Development Bank Capital, Tencent Investment, DST Global, Hillhouse Investment, Trustbridge Partners, Baillie Gifford

## Investors

- Hong Shan — Series E, Series D
- Temasek Holdings — Series E
- CPP Investment Board — Series E
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series E
- China Development Bank Capital — Series E
- Tencent Investment — Series E
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series E
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series E, Series D
- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Series E
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series E
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series D
- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Series D
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series D
- Glade Brook Capital Partners (https://capitalatlas.ai/funds/glade-brook-capital-partners) — Series D
- Brookside Equity Partners — Series D
- Alpha Square Group — Series D
- Hanyun Capital (https://capitalatlas.ai/funds/hanyun-capital) — Series D