Meituan has become a household name in China and arguably the third most valuable startup in the world. Meituan is an all-in-one application for food, travel, and entertainment. It offers grocery shopping, food delivery, and even household services. In 2015, Meituan merged with Meituan-Dianping. There are plenty of opportunities to grow your business with Meituan.
When you create a new business account, you must complete several fields, including business name, contact information, payment method, and photo of storefront. Once you have submitted these details, the Meituan system will verify your account and grant you access to a variety of services. This verification process can take one to three days. You will receive a confirmation SMS. Once your account is verified, you can start using Meituan to sell products, eat, and enjoy yourself.
Earlier this year, a digital blogger exposed Meituan's data collection methods. It was discovered that the app is tracking users' location for 24 hours, and it is now tracking people's every move. This created panic amongst users, and the company's app was "stuck" in a state of inaction. Fortunately, the situation has been resolved, and Meituan's growth will continue to rise.
In 2017, the two companies merged and Meituan Dianping was born. Meituan's ride-hail service had a 62% market share, but by the end of 2019, Meituan was losing money on the ride-hail business. The company also stopped hiring its own drivers, instead becoming an intermediary between other companies and consumers. With all these developments, Meituan will become a truly ubiquitous tech company.
