meituan dianping acquisition

This is Meituan's 1st transaction in China. reflecting cash spent on the Mobike acquisition, increased sales expenses and rising debts. In 2018, Meituan saw its domestic room nights jump 38.5 percent to 283.9 million. Meituan-Dianping, the Chinese . Industry Median: 0.63 vs MPNGF: 4.45. Meituan will collaborate with all partners to fulfill our social responsibility and create more values for the society. Uber gave its china market to DiDi, in 2017, Meituan launched a ride-hailing service in a few cities of china. Full details of the listing are still yet to be released, but it is rumoured that Meituan have started taking orders for their Hong Kong IPO at HK$60 to HK$70 apiece for 480.27 million new Class B shares, valuing the company at US$50 to US$55 billion. the introduction of additional service categories allows it to cross-sell to customers effectively at low customer acquisition cost . The latest price of the firm is $36.96. M&A Deal Summary Meituan Acquires Dianping On October 8, 2015, Meituan acquired internet software and services company Dianping Acquisition Highlights This is Meituan's 1st transaction in the Internet Software and Services sector. This means that Meituan-Dianping is able to run financial services ranging from mobile payment, bankcard payment to prepaid cards. Tencent Holdings support both companies and the deal is likely to increase the competition between the holding company and the Alibaba Group as both companies go toe-to-toe in a fierce . Meituan's Revenue per Share for the three months ended in Jun. Meituan-Dianping Apr 04, 2018, 03:48 ET The acquisition of Mobike will add a new set of customers to Meituan and boost the efficiency of last-mile commutes Mobike will continue to operate. India is the second major market that the company will be launching in, post its $2.7-billion acquisition by Meituan Dianping. Very difficult. Meituan has had 3 exits. With this acquisition, Meituan Dianping will gain a coveted third-party payment license. Meituan merged with Dianping in 2015 to form Meituan Dianping, offering a wide array of services on the . The lowest was 3.75. 22 Feb, 2018, 11.11 AM IST. Finally, on the delivery network . Companies in China are involving a lot of businesses because they can bring them, new users. Buyer (S) 1 Buyer Meituan Beijing, China website DESCRIPTION China's largest ride-hailing platform, Didi Chuxing, has denied rumors surrounding its acquisition by on-demand service provider Meituan Dianping, on Thursday, via its account on microblogging platform Weibo. Chinese services platform Meituan Dianping has unveiled a credit payment feature named Maidan, following its technology peers which have launched similar services. Meituan-Dianping is China's largest service-focused e-commerce platform, connecting more than 260 million young annual active buying consumers with more than three million annual active local. Companies that run online payment services in China must obtain a license, which the firm nabbed through its acquisition of a third-party payment startup Qiandai in 2016. Meituan Dianping, a Chinese mobile internet company also operating a trading platform and local life information recently acquired Mobike for $2.7 billion. The company announced its official name change from "Meituan Dianping" to "Meituan," starting from September 2020. . Aside from a small stake in Meituan, Alibaba in June said the company and its affiliate Ant . Undertake the development of the embedded control system for the automatic distribution vehicle project, focusing on the underlying signal processing and decision-m Meituan Dianping, the fast-growing Chinese firm valued at $30 billion, is buying Mobike, a Chinese startup that helped pioneer bike-sharing services worldwide, in a major piece of. Pronunciation of Meituan Dianping with 2 audio pronunciations. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Type Public Status Active According to Meituan-Dianping CMO, Stephen Shu, the company's review app Dazhong Dianping is used by about one-third of China's overseas travelers and is the third most-opened app among that group after WeChat and Google Maps. China's Meituan Dianping acquires bike-sharing firm Mobike for $2.7 billion By Cate Cadell 3 Min Read BEIJING (Reuters) - Meituan Dianping, China's largest provider of on-demand online. As a result, Meituan and Secondly, the article introduces in detail the merger and integration process of two Internet companies, Meituan and Dianping. Caiwei Chen. [17] The company was renamed from "Meituan Dianping" to Meituan with effect from September 30, 2020. Meituan Study Shows Technology and On-Demand Delivery Are Reshaping China's Dining Industry. This fund was announced on Feb 21, 2017 and raised a total of CN3B. Meituan-Dianping runs the leading online marketplace for services in China by gross transaction volume and also acquired bike-sharing startup Mobike earlier this year. Then, with the increase of their general user database, they can guide them into their other activities. What are the 4P's of Marketing Mix. Meituan Dianping is the prime beneficiary of the latest online consumption boom (a shift into service/experiential consumption). Didi called the police to probe into the alleged sexual assualt and denied the acquisition rumor. And the median was 9.97. MPNGF's PS Ratio is ranked worse than. 3 /5. . The Net NPV after 4 years is -520277 At 20% discount rate the NPV is negative (9487197 - 10007474 ) so ideally we can't select the project if macro and micro factors don't allow financial managers of Meituan Dianping to discount cash flow at lower discount rates such as 15%. Internet lifestyle service and group buying platform Meituan Dianping announced that they have completed the acquisition of Qiandai.com, a third-party payment company in China. Meituan is the largest food delivery service in China, with a 70.7% share of the food delivery market in 2020 per the Chinese government. After the merger, the combined company offered 4 core services: A restaurant reviewing platform, similar to Yelp A merchant deal platform, similar to Groupon At this time, the firm appears to be fairly valued. Founded by Wang Xing in 2010, Meituan has gradually expanded its business lines from food delivery to more diverse categories, including bike-sharing, hotel and travel booking and online grocery. Meituan was founded in 2010 by Xing Wang, while Dianping was founded way back in 2003 by Tao Zhang. in the Retail - Cyclical industry. It made its maiden stock debut in Hong Kong last September. Jul 08, 2020, 16:28pm Isabel Wang. It operates through the following segments: Food. 2. We Help People Eat Better, Live Better. The other is its growing advertising revenue. Prior to the Meituan-Dianping combination, Alibaba and Tencent have backed a series of O2O start-ups. Difficult. 90.43% of 1139 companies. In a nutshell, Meituan Dianping is sort of like a super app platform that provides users with an amalgamation of lifestyle services such as booking hotel rooms, travel tickets, bike-sharing (Mobike), movie tickets (8.6% stake in Maoyan), food delivery, food restaurants recommendations, hospitality services and many more.With just a tap on the smartphone, it is able to fulfil a spectrum of what . Meituan develops and operates a platform providing retail and online group buying services. Hardware Development Engineer, Embedded Systems Software Share This: . Meituan-Dianping, a leading online, on-demand services provider and China's largest group buying platform, started a global roadshow Tuesday for what is likely to become one of this year's biggest internet IPOs in Hong Kong. . Their most recent investment was on Aug 17, 2022, when Sunwoda Electric Vehicle Battery raised CN6B. They chose to replicate Costco's playbook by focusing on obtaining scale first before profitability. In 2015, after its merger with Dianping (Yelp and Tripadvisor wrapped in one), Meituan Dianping officially became what is known as a "transactional super app", where virtually any consumer transaction can now take place on the platform. In 2016, it has also acquired payment service provider Qiandai and stepped into digital payment services. | Meituan Group, Inc. agreed to acquire Dianping Holdings Ltd. from a group of sellers on October 8, 2015. The Business Model of JD.com JD.com is one of China's largest online retailers, clocking US$82.9 billion of sales in FY2019. Company Profile 03690. Valued at more than $18 billion by the fundraising, Meituan-Dianping, formed by the merger of two rival startups last year, said on Tuesday it raised the fresh capital from investors such as. [Automatic vehicle direction] 1. Now, let's move on to compare the business models of JD.com and Meituan Dianping. On 19 January 2016, Meituan Dianping announced that it has raised more than $3.3 billion. What is Meituan Dianping? [18] Meituan Raises $4 Billion in New Fundraising Round. For the quarter ended Sept. 30 . The sheer impact of population density has on this business is jaw-dropping. Meituan is a one-stop platform for food, transportation, travel, shopping and entertainment. Meituan, China's biggest online services company which combines food delivery with other online-to-offline services and recently moved into ride-hailing, was valued at $30bn in its latest funding. In pursuit of the company's goal to 'Eat Better, Live Better', Meituan Dianping acquired Mobike in 2018, a bike-sharing platform, for US $2.7 billion and recently joined the ride-hailing industry, rivalling against Didi Chuxing, who at one point enjoyed over 90% market share. Meituan acquire Mobike, a step into bike sharing industry Meituan bought Mobike this week for around US$2.7 billion. Meituan-Dianping, looking for a chance to enter the on demand conveyance segment, recently made the move (similar to Didi Chuxing). Meituan Taps into B&B Market With the Launch of Its Hazelnut . Meituan Cements Its Market Leading Position in the Travel and Leisure Industry with the Off. user acquisition costs were borne by food delivery segment . During the COVID-19 pandemic period, this Chinese "SuperApp" surged by 58.7 million active users in the first quarter of 2021, a historical high. Industry Jun 12 June 15, 2020. . The value we create serves not only to help everyone eat better, but also to improve their . On the merchant side, marketing efficiency and traffic acquisition have proven to be effective in driving higher sales. Rate the pronunciation difficulty of Meituan Dianping. Meituan's food delivery became profitable for two main reasons. During the past 7 years, Meituan's highest PS Ratio was 46.07. . Meituan has raised a total of CN3B in a single venture fund, Meituan-Dianping Industry Fund. Chinese food delivery and lifestyle services platform Meituan-Dianping ( Meituan) has announced an organizational adjustment to launch a premium business division for community group buying services, the company said Tuesday. Meituan-Dianping/Zebra:ZebraClassPathMapperScanner.isCandidateComponent Meituan-Dianping. Meituan-Dianping was. Meituan Dianping Repstg secures a last-minute Real Value of $35.56 per share. Last year, Meituan-Dianping acquired China's largest bicycle-sharing system Mobike, spending US$ 2.7billion. Build a complete real-time control system for signal acquisition, computing and processing, and execution components on the FPGA platform.Implementation and optimization of the interface and drive, communication and control algorithms of various devices . The two companies are overlapping in some sectors. Meituan Dianping (OTCPK:MPNGY) (OTCPK: . Although it started off as a . by Emma Lee Sep 27, 2016 Meituan-Dianping, China's largest group deals site, confirmed Monday that it has fully acquired Qiandai, a third-party payment startup. Easy. Originally Meituan and Dianping were two separate companies competing in essentially the same space. In April, Alibaba acquired Ele.Me, a food delivery platform and a direct competitor of Meituan-Dianping, at a whopping price-point of $9.5 billion. Because the deal's closing date was uncertain, Meituan-Dianping initiated the extremely large redemption request to J.P. Morgan Global Liquidity very shortly before the acquisition. Speculation of a merger between Dianping and Meituan had swirled in early 2015, as Dianping finished raising more than $800 million in capital at a valuation of $4 billion. 2017-07-10. . As part of the IPO process, Meituan claimed last year that it was just ahead of leading online travel agency Ctrip . Meituan ( Hanzi: ; Pinyin: Mitun, secara harfiah " beautiful group "), sebelumnya Meituan-Dianping, adalah platform belanja Tiongkok untuk produk konsumen lokal dan layanan ritel termasuk hiburan, makan, pengiriman, perjalanan dan layanan lainnya. For the Internet Retail subindustry, Meituan's ROE %, along with its competitors' market caps and ROE % data, can be viewed below: * Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Zhang Tao and Wang Xing, the respective. Liang Chen, Meituan 's Senior Vice President will be overseeing the new division. Toutiao, Meituan Dianping and Didi Chuxing are aggressively looking to expand in India through investments and partnerships. The company also reported a huge RMB 22.8 billion loss -- though virtually all of that was from the $2.7 billion acquisition of bike-sharing platform Mobike. Meituan has made 58 investments. . Moderate. The 4Ps of Marketing Mix are -. It operates through the following. Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan's acquisition of bike sharing firm Mobike in an internal letter reported by local media. Yelp, Groupon, OpenTable, and UberEats in one super-app Meituan-Dianping is the product of a merger in 2015 between Meituan.com (founded 2010) and Dianping.com (founded 2003). Dianping partnered with Australia-based hotel guest acquisition platform SiteMinder to expand into the . Meituan Group, Inc. agreed to acquire Dianping Holdings Ltd. from a group of sellers on October 8, 2015. (4 votes) Very easy. Moreover, at this time, the development situation of China's Internet group buying industry has reached a bottleneck, and investors' investment confidence is also declining. Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. Meituan-Dianping ("MD") formed as a result of a merger between two startups - Groupon-like Meituan (founded in 2010) and Yelp-esque site Dianping for restaurant listings and reviews (founded in 2003). Partnered with thousands of restaurants with reviewing facilities, Meituan Dianping has continually made its way since 2015. Product - The products Meituan Dianping is making or are in the pipeline to capture potential markets. Bike-sharing is now a 227 million users market, and the number is expected to grow to 306 million by 2019 according to Liebao Quanqiu Zhiku. Its ecosystem adopts a Food + Platform strategy, encompassing high-frequency services such as food delivery, grocery delivery, bike-sharing, community group-purchasing, and booking hotel, travel, or movie tickets. Average customer acquisition costs in China FY 2016-2021, by e . Meituan Dianping's cost per order is 6 cents (0.47 RMB), comparing to Grubhub's 2.8 dollars. 2022 was $0.00 . Chinese food delivery service company Meituan Dianping (Meituan) warned a negative year-on-year revenue growth and operating loss for the first quarter of 2020 as a result of the pandemic. One is the improved economy of scale. 2017-11-25. The merger will result in formation of a new entity. Abstract In this paper, we first analyzes the industrial background of two Internet companies, Meituan and Dianping, and then analyzes the reasons for Meituan's acquisition of Dianping. Those VC's that sold to MD must be gleeful, while IPO investors are holding the bag. 2017-05-22. Average customer acquisition costs in China FY 2016-2021, by e . Meituan Dianping is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. Our model forecasts the value of Meituan Dianping Repstg from analyzing the firm fundamentals such as Return On Equity of (22.68) %, current valuation of 95.79 B, and Profit . Price - Pricing strategy that Meituan Dianping is pursuing in various customer segments it is operating in. Why is scale so important? reason behind Meituan's acquisition of Dianping is also There is a strong push from capital parties such as Sequoia. Both companies placed a strong emphasis on the F&B industry and group buying. [2] Perusahaan ini berkantor pusat di Beijing dan didirikan pada tahun 2010 oleh Wang . The bespectacled, soft-spoken Wang is hoping to follow in the footsteps of such titans on Thursday, when shares of his Meituan-Dianping will make their trading debut in a $4.2 billion Hong Kong listing that could become this year's biggest internet initial public offering (IPO). Meituan Dianping (3690-13.84%) is the operator of a Chinese "super app" accessible via mobile and WeChat. In . In April 2018 Meituan-Dianping acquired Mobike, one of China's two biggest bike-sharing companies. [16] On September 20, 2018 Meituan Dianping debuted on the Hong Kong stock exchange at an IPO price of HK$69 per share. . The company announced its official name change from "Meituan Dianping" to "Meituan," starting from September 2020. . Contact reporter Jason Tan (jasontan@caixin.com) RELATED In that vein, Meituan Dianping's (3690 HK) ( "MD" or the "Company") acquisition of Mobike, a bike sharing business before its IPO, for a princely sum of RMB 15.56B (US$ 2.47B, 1US$= 6.3 RMB in March 2018), appears audacious. Mobike and Ofo together take more than 90% of the market share. In its updated . 1. Beijing, Beijing, China 10001+ Post-IPO Equity Public about.meituan.com 1,062 Highlights Acquisitions 6 Investments 58 Exits 3 Total Funding Amount $17.3B Contacts 44 Employee Profiles 9 Find More Contacts for Meituan Jian Han 2017-10-19. . The merger will result in . Meituan is a platform for services aiming to leverage technology to connect consumers and local merchants. View Presentation 2018 Meituan_Tuniu.pdf from AA 1Meituan Dianping - Tuniu Acquisition Proposal Group 9 Presentation CHEN Keyu LI Junlu LIN Yu LIU Jinyu LIU Mengqian XIANG 3. Meituan-Dianping's business model resembles Alibaba's, but the difference lies in how Alibaba's profits come from its own manufacturing of products as well as third-party sellers. October 07, 2015 Two large Chinese tech startups Meituan and Dianping have agreed to a merger, forming the country's largest online-to-offline (O2O) platform and presenting a formidable obstacle for would-be competitors in the hotly contested sector, according to two sources familiar with the matter. 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