Sunday, 2024 April 14

Meituan tops 25 million daily orders, 3.6 million merchants

Food delivery platform Meituan passed 25 million daily orders, while the number of merchants listed on the platform reached 3.6 million, as of April 20.

Owned by Meituan-Dianping, and often billed as the world’s largest food delivery service, Meituan recently revealed it had delivered 210 million orders of milk tea last year, and also claimed a record 2 million domestic hotel bookings on the last day of 2018.

Its parent company also operates the Dianping on-demand food delivery platform. The two platforms merged in a USD 15 billion deal in 2015.

Meituan-Dianping reported total revenue of RMB 65.2 billion (USD 9.7 billion) in 2018, up 92.3% year-on-year, according to the company’s latest filing with the Stock Exchange of Hong Kong.

Revenue from food delivery, Meituan’s core business, increased by 81.4% to RMB 38.1 billion, while in-store, hotel, and travel business revenue grew 46% to RMB 15.8 billion in 2018.


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