In this episode of the Impulso Podcast, go on a journey with us through Meituan’s evolution. From the founders’ failed previous entrepreneurial adventures, to the company’s initial founding as a Group Buy company in China.
Learn how Meituan remained strong through the group buy battle and Alibaba’s clear dominance of the market share by doubling down on their service offerings. After building a successful movie ticket purchasing platform, as well as a one and no star hotel booking platform, Wang Xing finally came up with the idea to move into food delivery. At the time, Alibaba’s ele.me was the only real option around, but as it focused largely on universities and students, a large segment of the population was left to tap into as demand for food delivery increased.
Once again, Alibaba and Meituan faced off; Meituan’s years of honing its operational efficiencies came in handy as they slowly acquired their now extremely extensive user base. But this all happened almost a decade ago. What is Meituan up to now?
Learn about the AI company founded by an ex-founder of Meituan itself, Wang Huiwen, and the company’s acquisition of this tech company. Is Meituan entering China’s AI race? They also recently launched in Hong Kong, bringing their signature speed and efficiency guarantees to KeeTa (aptly named after the word “cheetah”) to compete with the likes of Deliveroo and FoodPanda in this new market.
There is clearly a lot to be learnt from this immensely successful company.
Read the full report here:
https://momentum.asia/product/meituan_finding_business_clarity/
