@meituan profile picture
Meituan @meituan

Meituan is the leading #ecommerce platform for services in #China. We help people eat better, live better.

Joined December 2017
  • Posts 588
  • Following 73
  • Followers 3,736
153 Photos and videos
Meituan@meituan
22 Mar 2024
Meituan Select further improved operational efficiency on year-over-year basis in 2023. “By the end of 2023, we have accumulated over 500 million transacting users. This new user base may bring more cross-sell opportunities to the platform in the future,” Wang said.
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Meituan@meituan
22 Mar 2024
In 2023, order volume of Meituan Instashopping increased by over 40%, and Annual Active Merchants grew by almost 30% year over year. Purchase frequency from core users grew by 20% in Q4, Wang said.
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Meituan@meituan
22 Mar 2024
“Having food and meals delivered in 30 minutes has become a new lifestyle. Throughout the year, we proactively iterated our business strategies and refined our operations in products, marketing and supply to cope with the evolving consumption trends,” Wang said. #fooddelivery
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Meituan@meituan
22 Mar 2024
During 2023, Meituan has achieved healthy and high-quality growth in core businesses. Meituan “effectively satisfied diverse needs from consumers and invigorated local consumption,” said Xing Wang, Meituan founder and CEO, on 4Q 2023 earnings conference call.
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Meituan@meituan
22 Mar 2024
GTV of Meituan in-store, hotel and travel businesses increased by over 100% year over year in 2023. The year-over-year growths of Annual Transacting Users and Annual Active Merchants exceeded 30% and 60%, respectively. #consumption #China
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Meituan@meituan
22 Mar 2024
Revenues from the New initiatives segment increased by 18.0% year over year to RMB69.8 billion in 2023. Operating loss narrowed to RMB20.2 billion, while operating margin improved to negative 28.9%. #retail #China
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Meituan@meituan
22 Mar 2024
Today, Meituan is pleased to announce the audited consolidated results of the Company for the year ended December 31, 2023. #China #tech prnewswire.com/news-releases…

Meituan Announces Financial Results for the Year Ended December 31, 2023

/PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of...

prnewswire.com
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Meituan@meituan
22 Mar 2024
Meituan’s Core local commerce segment achieved an operating profit of RMB38.7 billion in 2023, which increased by 31.2% from RMB29.5 billion in 2022.
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Meituan@meituan
22 Mar 2024
Meituan achieved an operating cash inflow of RMB40.5 billion in 2023. Meituan held cash and cash equivalents of RMB33.3 billion and short-term treasury investments of RMB111.8 billion as of December 31, 2023. #tech
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Meituan@meituan
22 Mar 2024
Meituan recorded a profit of RMB13.9 billion in 2023, compared to the loss of RMB6.7 billion in 2022. #China #retail
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Meituan@meituan
22 Mar 2024
For the full year 2023, Meituan revenues rose 25.8% to RMB276.7 billion, from RMB220.0 billion in 2022. Adjusted EBITDA and adjusted net profit increased to RMB23.9 billion and RMB23.3 billion in 2023, respectively. #retail
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Meituan@meituan
28 Nov 2023
“We will adapt to the evolving consumption trends, iterate our products and operational strategies, and provide consumers with more cost-effective goods and services,” Wang concluded.
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Meituan@meituan
28 Nov 2023
Meituan “in-store, hotel and travel business maintained its strong growth momentum since the beginning of this year,” Wang said. GTV increased by over 90% YoY, Quarterly Active Merchants grew by over 50% YoY, and Quarterly Transacting Users also increased substantially.
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Meituan@meituan
28 Nov 2023
Meituan Instashopping grew strongly in Q3, with order volume, merchant base, and user base all increasing notably. Order volume reached “a peak of over 13 million daily orders on Chinese Valentine's Day in August,” Wang said.
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Meituan@meituan
28 Nov 2023
Meituan “food delivery business maintained its robust growth momentum. Especially, its peak daily order volume reached new record high to 78 million in the summer, double the level of three years ago,” said Xing Wang, Meituan founder and CEO, on 3Q 2023 earnings conference call.
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Meituan@meituan
28 Nov 2023
Today, Meituan is pleased to announce the unaudited consolidated results of the Company for the three months ended Sept. 30, 2023. #China #tech #ecommerce #retail prnewswire.com/news-releases…

Meituan Announces Financial Results for the Three Months Ended September 30, 2023

/PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of...

prnewswire.com
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Meituan@meituan
28 Nov 2023
During the third quarter, the number of On-demand Delivery transactions increased by 23.0% year over year to reach 6.2 billion. #delivery #China
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Meituan@meituan
28 Nov 2023
Revenues from the New initiatives segment in Q3 increased by 15.3% year over year to RMB18.8 billion, operating loss decreased by 24.5% year over year to RMB5.1 billion, and operating margin improved sequentially to negative 27.2%. #tech
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