Meituan acquire Mobike, a step into bike sharing industry Meituan bought Mobike this week for around US$2.7 billion. This is Meituan's 1st transaction in China. Type Public Status Active 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. In . On the merchant side, marketing efficiency and traffic acquisition have proven to be effective in driving higher sales. 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. reason behind Meituan's acquisition of Dianping is also There is a strong push from capital parties such as Sequoia. Dianping partnered with Australia-based hotel guest acquisition platform SiteMinder to expand into the . 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. 22 Feb, 2018, 11.11 AM IST. (4 votes) Very easy. 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 Meituan Dianping Repstg secures a last-minute Real Value of $35.56 per share. 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). the introduction of additional service categories allows it to cross-sell to customers effectively at low customer acquisition cost . 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 Their most recent investment was on Aug 17, 2022, when Sunwoda Electric Vehicle Battery raised CN6B. | Meituan Group, Inc. agreed to acquire Dianping Holdings Ltd. from a group of sellers on October 8, 2015. 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. 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 has raised a total of CN3B in a single venture fund, Meituan-Dianping Industry Fund. 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. 2. . This fund was announced on Feb 21, 2017 and raised a total of CN3B. Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. Chinese services platform Meituan Dianping has unveiled a credit payment feature named Maidan, following its technology peers which have launched similar services. 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). in the Retail - Cyclical industry. Originally Meituan and Dianping were two separate companies competing in essentially the same space. Those VC's that sold to MD must be gleeful, while IPO investors are holding the bag. Both companies placed a strong emphasis on the F&B industry and group buying. 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 $4 billion. In 2016, it has also acquired payment service provider Qiandai and stepped into digital payment services. October 07, 2015 Two large Chinese tech startups Meituan and Dianping have agreed to a merger, forming the country's largest online-to-offline (O2O) platform and presenting a formidable obstacle for would-be competitors in the hotly contested sector, according to two sources familiar with the matter. Meituan merged with Dianping in 2015 to form Meituan Dianping, offering a wide array of services on the . Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan's acquisition of bike sharing firm Mobike in an internal letter reported by local media. Zhang Tao and Wang Xing, the respective. Our model forecasts the value of Meituan Dianping Repstg from analyzing the firm fundamentals such as Return On Equity of (22.68) %, current valuation of 95.79 B, and Profit . Contact reporter Jason Tan (jasontan@caixin.com) RELATED Build a complete real-time control system for signal acquisition, computing and processing, and execution components on the FPGA platform.Implementation and optimization of the interface and drive, communication and control algorithms of various devices . Last year, Meituan-Dianping acquired China's largest bicycle-sharing system Mobike, spending US$ 2.7billion. 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. Why is scale so important? 2022 was $0.00 . On 19 January 2016, Meituan Dianping announced that it has raised more than $3.3 billion. Rate the pronunciation difficulty of Meituan Dianping. MPNGF's PS Ratio is ranked worse than. Meituan Cements Its Market Leading Position in the Travel and Leisure Industry with the Off. Hardware Development Engineer, Embedded Systems Software Share This: . 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). Meituan Dianping's cost per order is 6 cents (0.47 RMB), comparing to Grubhub's 2.8 dollars. 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. One is the improved economy of scale. It operates through the following. 90.43% of 1139 companies. This means that Meituan-Dianping is able to run financial services ranging from mobile payment, bankcard payment to prepaid cards. 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. Meituan-Dianping/Zebra:ZebraClassPathMapperScanner.isCandidateComponent At this time, the firm appears to be fairly valued. Meituan Dianping, a Chinese mobile internet company also operating a trading platform and local life information recently acquired Mobike for $2.7 billion. . What are the 4P's of Marketing Mix. 2017-07-10. The other is its growing advertising revenue. Meituan Raises $4 Billion in New Fundraising Round. In April 2018 Meituan-Dianping acquired Mobike, one of China's two biggest bike-sharing companies. Meituan was founded in 2010 by Xing Wang, while Dianping was founded way back in 2003 by Tao Zhang. . As part of the IPO process, Meituan claimed last year that it was just ahead of leading online travel agency Ctrip . It operates through the following segments: Food. Toutiao, Meituan Dianping and Didi Chuxing are aggressively looking to expand in India through investments and partnerships. The sheer impact of population density has on this business is jaw-dropping. 2017-10-19. Product - The products Meituan Dianping is making or are in the pipeline to capture potential markets. The value we create serves not only to help everyone eat better, but also to improve their . 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. The latest price of the firm is $36.96. Very difficult. 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. 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. As a result, Meituan and After the merger, the combined company offered 4 core services: A restaurant reviewing platform, similar to Yelp A merchant deal platform, similar to Groupon 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. In 2018, Meituan saw its domestic room nights jump 38.5 percent to 283.9 million. Meituan Taps into B&B Market With the Launch of Its Hazelnut . Mobike and Ofo together take more than 90% of the market share. . Finally, on the delivery network . Meituan-Dianping, the Chinese . 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. The company announced its official name change from "Meituan Dianping" to "Meituan," starting from September 2020. . 3. 3 /5. 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. 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. Then, with the increase of their general user database, they can guide them into their other activities. The two companies are overlapping in some sectors. 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. It made its maiden stock debut in Hong Kong last September. 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. Although it started off as a . Didi called the police to probe into the alleged sexual assualt and denied the acquisition rumor. . Jul 08, 2020, 16:28pm Isabel Wang. 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. The company announced its official name change from "Meituan Dianping" to "Meituan," starting from September 2020. . . 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. Uber gave its china market to DiDi, in 2017, Meituan launched a ride-hailing service in a few cities of china. Difficult. Average customer acquisition costs in China FY 2016-2021, by e . Price - Pricing strategy that Meituan Dianping is pursuing in various customer segments it is operating in. 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. Companies in China are involving a lot of businesses because they can bring them, new users. Industry Median: 0.63 vs MPNGF: 4.45. 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. Prior to the Meituan-Dianping combination, Alibaba and Tencent have backed a series of O2O start-ups. 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. During the past 7 years, Meituan's highest PS Ratio was 46.07. [16] On September 20, 2018 Meituan Dianping debuted on the Hong Kong stock exchange at an IPO price of HK$69 per share. 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 . In its updated . India is the second major market that the company will be launching in, post its $2.7-billion acquisition by Meituan Dianping. 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. 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 is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. Average customer acquisition costs in China FY 2016-2021, by e . 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 . Moderate. [Automatic vehicle direction] 1. Company Profile 03690. 2017-05-22. reflecting cash spent on the Mobike acquisition, increased sales expenses and rising debts. Meituan has made 58 investments. Meituan develops and operates a platform providing retail and online group buying services. [17] The company was renamed from "Meituan Dianping" to Meituan with effect from September 30, 2020. Meituan Dianping (OTCPK:MPNGY) (OTCPK: . 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. The lowest was 3.75. Meituan is a platform for services aiming to leverage technology to connect consumers and local merchants. Industry Jun 12 June 15, 2020. 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. 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. [18] The company also reported a huge RMB 22.8 billion loss -- though virtually all of that was from the $2.7 billion acquisition of bike-sharing platform Mobike. What is Meituan Dianping? . [2] Perusahaan ini berkantor pusat di Beijing dan didirikan pada tahun 2010 oleh Wang . The merger will result in formation of a new entity. Meituan-Dianping, looking for a chance to enter the on demand conveyance segment, recently made the move (similar to Didi Chuxing). . Meituan's food delivery became profitable for two main reasons. Meituan Dianping is the prime beneficiary of the latest online consumption boom (a shift into service/experiential consumption). For the quarter ended Sept. 30 . Undertake the development of the embedded control system for the automatic distribution vehicle project, focusing on the underlying signal processing and decision-m 1. Meituan-Dianping was. Meituan-Dianping is China's largest service-focused e-commerce platform, connecting more than 260 million young annual active buying consumers with more than three million annual active local. Liang Chen, Meituan 's Senior Vice President will be overseeing the new division. user acquisition costs were borne by food delivery segment . Meituan has had 3 exits. Meituan's Revenue per Share for the three months ended in Jun. In that vein, Meituan Dianping's (3690 HK) ( "MD" or the "Company") acquisition of Mobike, a bike sharing business before its IPO, for a princely sum of RMB 15.56B (US$ 2.47B, 1US$= 6.3 RMB in March 2018), appears audacious. 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%. Meituan Group, Inc. agreed to acquire Dianping Holdings Ltd. from a group of sellers on October 8, 2015. Partnered with thousands of restaurants with reviewing facilities, Meituan Dianping has continually made its way since 2015. 2017-11-25. Meituan-Dianping. 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. Meituan is a one-stop platform for food, transportation, travel, shopping and entertainment. And the median was 9.97. Buyer (S) 1 Buyer Meituan Beijing, China website DESCRIPTION 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. They chose to replicate Costco's playbook by focusing on obtaining scale first before profitability. Secondly, the article introduces in detail the merger and integration process of two Internet companies, Meituan and Dianping. Pronunciation of Meituan Dianping with 2 audio pronunciations. Aside from a small stake in Meituan, Alibaba in June said the company and its affiliate Ant . Easy. Now, let's move on to compare the business models of JD.com and Meituan Dianping.
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