M&A Deal Summary

Meituan Acquires Dianping

On October 8, 2015, Meituan acquired internet software and services company Dianping

Acquisition Highlights
  • This is Meituan’s 1st transaction in the Internet Software and Services sector.
  • This is Meituan’s 1st transaction in China.

M&A Deal Summary
Date 2015-10-08
Target Dianping
Sector Internet Software and Services
Buyer(s) Meituan
Deal Type Merger

Target

Dianping

Shanghai, China
website
Dianping is a website that provides independent consumer reviews on local services in the world and is China's largest O2O (online to offline) platform for urban and lifestyle services. In addition to having the largest merchant information and consumer reviews database, the Company also offers group-buying, industry leading instant payment solution, largest online restaurant reservation business, take-out delivery, e-coupon promotions, and other O2O services, covering the most comprehensive array of local businesses in industries including dining, movies, lodging, entertainment, beauty, wedding, mom & kids, home renovations.

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Buyer(S) 1

Buyer

Meituan

Beijing, China

website

Category Company
Founded 2003
Sector Internet Software and Services
Employees100,033
Revenue 179.1B CNY (2021)
DESCRIPTION

Meituan was founded as China's first groupbuy website and is China's largest provider for local services with over 130 million annual active purchasers. Meituan currently operates its businesses through three business units: Customers to Shop, Hotel Tourism and Home Delivery Service, and a subsidiary Maoyan Movie. Customers to Shop business includes supports local merchants to promote marketing and management ability. Meituan was founded in 2003 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
Country (China) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Mobike Singapore Pte

Singapore, Singapore

Mobike Singapore Pte Ltd. is a bike sharing service to fulfil urban short trips conveniently, anytime, anywhere, by combining innovation and today’s IoT (Internet of Things) technology. Mobike is green, reduces congestion and continually strives to improve the quality of city life. Mobike provides an affordable means of shared transportation for convenient short urban trips, while reducing congestion and our city's carbon footprint that improves the quality of city life.

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