Meituan has acquired Meituan for an undisclosed amount, in a corporate transaction that sees the established technology and retail entity consolidate its operational structure and strategic focus. This move underscores a commitment to reinforcing its foundational principles and market position.
The acquiring entity, Meituan, operates under a distinct ‘Retail + Technology’ strategy, firmly committing to its mission: 'We help people eat better, live better'. Since its inception in March 2010, Meituan has played a pivotal role in advancing the digital upgrading of services and goods retail, impacting both supply and demand sides. The company, which successfully listed on the Main Board of the Stock Exchange of Hong Kong on September 20, 2018, consistently collaborates with partners to deliver quality services for consumers across its extensive platform.
This strategic acquisition is anticipated to further strengthen Meituan’s core mission and operational framework. By formally acquiring Meituan, the company aims to enhance its existing commitment to putting customers first and continuously increasing its research and development investment in new technologies. The transaction is expected to streamline internal processes, reinforce the unified pursuit of its 'Retail + Technology' strategy, and ensure a more cohesive approach to digital upgrading in services and goods retail. Synergies are expected through a more integrated approach to innovation and service delivery, leveraging the company's established market presence.
The combined entity, operating under the unified Meituan brand, is poised to continue its focus on fulfilling social responsibility and creating more value for society. This consolidation is set to support Meituan’s ongoing efforts to collaborate closely with all partners, driving innovation and service quality within its established ecosystem, ultimately benefiting consumers and stakeholders alike.