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MEITUAN SURPASSES 30 MILLION DAILY ORDER

SOUTH CHINA MORNING POST
Tuesday, July 30, 2019

Meituan Dianping, China’s largest online food delivery system, surpassed 30 million orders last weekend – including watermelon, ice cream and beer – due in part to a recent heatwave. In 2018, the online platform, which boasts an installed base of 406 million customers, processed $66.3 billion worth of orders. In Q1 2019, the company reported a 38.6% year-on-year growth in gross transactions and the gross profit, after food deliveries surged 1.9 times over the same period last year. IDG Capital was an early investor in Meituan, which went public in on the Hong Kong Stock Exchange in 2018, raising $4.2 billion.

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