TacticScaleWhat Meituan Does & How It Makes Money (3690.HK)
Updated October 2026 · reflects Meituan's latest reported financials
Chinese app for food delivery, local services, and travel booking. Meituan earns commissions and delivery fees on orders and sells online marketing (ads) to merchants on its platform.
How Meituan makes money
Meituan earns commissions and delivery fees on orders and sells online marketing (ads) to merchants on its platform. Newer businesses bring in more money from direct goods sales, B2B food distribution, bike and e-moped sharing, power bank rentals, and micro-credit.
What Meituan does
Meituan is a Beijing-based technology-driven retail company founded in 2003 and formerly known as Meituan Dianping; it took the name Meituan in October 2020. It reports two segments. Core Local Commerce covers food delivery, in-store services, and hotel and travel booking, and it makes money mainly from commissions, delivery services, and online marketing sold to merchants. The New Initiatives segment includes the Xiaoxiang Supermarket grocery business, Kuailv B2B food distribution, bike and e-moped sharing, power bank rentals, and micro-credit. Meituan also provides e-commerce, cloud computing, and merchant advisory services. It operates mainly in mainland China, with a presence in Hong Kong, Macao, Taiwan, and international markets.
Products & services
- Meituan food delivery
- In-store, hotel and travel booking
- Xiaoxiang Supermarket
- Kuailv B2B food distribution
- Bike and e-moped sharing
- Power bank rentals
What is Meituan worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
We show a fair value only when the method is trustworthy. See Meituan on TacticScale →
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