Meituan
Meituan, founded in March 2010 and listed on the Hong Kong Stock Exchange in 2018, operates under a 'Retail + Technology' strategy, providing services in both service and goods retail sectors while investing heavily in new technology research and development.
Company History
Meituan was founded in March 2010 and has steadily grown to become a prominent player in the retail and technology sectors. It was listed on the Hong Kong Stock Exchange on September 20, 2018. The company operates under a 'Retail + Technology' strategy and focuses on providing innovative solutions in service retail and goods retail.
Technological Innovations
Meituan invests heavily in new technology research and development. The company's notable advancements include the development of a drone delivery service, with the first route established in Shenzhen Central Park. As of now, Meituan holds over 400 patents related to drone technology, and its drone delivery service has accumulated more than 28,000 hours of flight time. Meituan also collaborates with China Telecom to enhance instant retail and service delivery capabilities.
Corporate Social Responsibility
Meituan is committed to various corporate social responsibility activities. It supports small merchants, promotes green consumption, and focuses on rural revitalization. The company runs the Meituan Rural Children's Playground initiative, which has resulted in the construction of 1,591 playgrounds as of April 2024. Additionally, Meituan engages in emergency disaster relief efforts and supports the development of new professions, including delivery riders. The company also established a public welfare foundation for charitable initiatives.
Products and Services
Meituan offers a range of products and services through its various apps, including the Meituan App, Meituan Waimai App, and Dazhong Dianping App. The company operates Meituan Flash Purchase, providing instant delivery services. Meituan also offers a 'Chinese Time-Honored Brand' service package to support traditional brands. Its 'Must-Order List' for Meituan Waimai features top restaurants in 30 cities. The company has a significant presence in the tourism sector and supports county-level local life service consumption.
Scientific and Academic Collaborations
Meituan engages in scientific research collaborations with various universities and research institutions. These collaborations aim to advance technological innovations and improve service delivery. The company's commitment to research and development is evident through its collaborative efforts to integrate cutting-edge technologies into its service offerings.
Corporate Information and Investor Relations
Meituan provides a comprehensive investor relations section on its website, offering detailed information about its financial performance and strategic initiatives. The company also maintains a dedicated media resources section to facilitate brand and business promotion. These sections ensure transparency and provide stakeholders with the necessary information to understand Meituan's operations and objectives.