Meituan-Dianping, more commonly simply known as “Meituan”, is the largest O2O or “online-to offline” platform in China. Never heard of Meituan? You’re definitely not alone. Meituan, the Beijing based company, led by Xing Wang, is almost unbeknownst for other countries despite it’s huge success in such a short period of time.
What is Meituan?
China’s Meituan-Dianping just became the world’s fourth most valuable startup, acquiring a $30 billion valuation that puts it in the driver’s seat much ahead of the giants like Airbnb and Space X. Meituan sells movie tickets and groceries, delivers food to people’s homes, provides discounts and offers to customers who buy in bulk and provides review of restaurants. So, it wouldn’t hurt to say that it’s a mash-up of Groupon, Foodpanda and Yelp.
Meituan’s been termed as China’s “Amazon of services”, rightfully so.
Meituan Business Model
Meituan is an internet commercial business center that interfaces shippers to buyers by offering stock and undertakings at a markdown. Usually, neighborhood sellers have attempted to accomplish purchasers and make bargains through a variety of systems, including the professional resource, standard mail, day by day paper, radio, TV and online promotions, and progressions. By bringing the physical universe of close-by business onto the web, Meituan Business Model is making another course for neighborhood dealers to pull in customers and offer items and endeavors. Meituan outfit purchasers with hold subsidizes and empower them to discover what to do, eat, see and buy in the spots where they live and work.
Consistently they email their supporters diminished offers for items and endeavors that are centered around the region and individual tendencies. Clients get to their plans clearly through the destinations and convenient applications. Their salary is the sticker price paid by the customer for the Meituan business model. Their gross advantage is the measure of salary they hold in the wake of paying an interminable supply of the sticker price to the included dealer.
