How Meituan Became China’s Other SuperApp

Рет қаралды 33,910

3 жыл бұрын

The Chinese government has spent a lot of effort reining in the power of large tech companies like Alibaba. And deservedly so. So it is natural that Meituan should receive scrutiny as well.
Meituan, which used to be called Meituan Dianping before a September 2020 name change, has risen to become China's third largest tech company. Starting off as a Groupon clone, Meituan has parlayed its success into a super-app on par with Tencent's WeChat.
Founder and CEO Wang Xing seeks to make Meituan the king of China's "online to offline" space. He is now taking the company on a new journey, challenging big incumbents in the massive community buying space, and burning plenty of cash in doing so.
In this video we are going to look at one of China’s newest and most ruthless tech giants.
Links:
- The Asianometry Newsletter: asianometry.com
- Patreon: / asianometry

Пікірлер: 74

@Asianometry 3 жыл бұрын

I hope you are all having a nice day! Watch other company profiles here: kzfaq.info/sun/PLKtxx9TnH76Qod2z94xcDNV95_ItzIM-S

@tedchandran 3 жыл бұрын

More money can be made by transferring its Database to the US.

@kornofilo 3 жыл бұрын

Clicked so hard I almost break the screen on my phone.

@excitedbox5705 3 жыл бұрын

it is amazing how fast you produce these high quality videos. I have been waiting all week for the next one ;)

@shazmosushi 3 жыл бұрын

There's 16 unreleased videos available for streaming on the Patreon Early Access tier. I highly recommend the first Carl Zeiss video. It's a great story.

@excitedbox5705 3 жыл бұрын

@@shazmosushi I know I wish I could afford it right now, but I am beyond broke.

@shazmosushi 3 жыл бұрын

That's fair enough. You should definitely focus on fixing that as your first priority (by keeping your costs and spending as low as you can for a long time)!

@shazmosushi 3 жыл бұрын

By the way, as you may know there's more than 200 videos on the Asianometry channel already released. So plenty of videos free already, and you probably haven't seen them all yet!

@excitedbox5705 3 жыл бұрын

@@shazmosushi I think I have seen most of them. I have been watching this channel for months and usually watch multiple videos at once.

@zacharyyan4898 3 жыл бұрын

Would be cool to see a video explaining what “online to offline” is exactly and like a breakdown of the business model

@carlewen-lewis3305 3 жыл бұрын

A platform that facilitates Community Purchasing sounds amazing. Would really like to hear more about that company and how it works. There's definitely a market for that in other nations.

@jinyu1455 2 жыл бұрын

most interesting part is almost everyone in China checks reviews and products on Dianping before they choose a restaurant, or when they choose what to eat in a restaurant...

@gdenngiam8711 2 жыл бұрын

Really enjoying your content man :)

@playboygoss 3 жыл бұрын

Can you make a video on XIAOMI? it has become the 2nd largest smartphone manufacturer in the world, only behind Samsung

@fredfrond6148 3 жыл бұрын

Excellent content as always.

@lelouch9609 3 жыл бұрын

Bro please make more videos like this

@sammylove7751 3 жыл бұрын

Explain Didi (Chinese company) & Coupang (Korean company)...😌😍

@lelouch9609 3 жыл бұрын

Yes 😏

@sophisticatedthumb5364 3 жыл бұрын

i bet the korean company has funding from ali and tencent too

@wiimichell Жыл бұрын

Tencent gave me Meituan shares and because i didn't know what Meituan does was really helpful your video to know what they do Greetings from Mexico!

@Taransidhu21 Жыл бұрын

Thanks for the video - what's the data source for the chart at 5:32?

@wankee888 3 жыл бұрын

vey well done

@hc3d 3 жыл бұрын

9.5 million delivery staff. That's an absolutely mind boggling number. I think these Chinese giants will rapidly expand out of the Chinese borders of they haven't done so already. Vietnam, Indonesia and many other nearby countries will perhaps start seeing these brands pop up.

@francisdayon 3 жыл бұрын

They already have but it looks like they change their names.

@stel_lanis 3 жыл бұрын

Is it staff though or gig slaves?

@hc3d 3 жыл бұрын

@@stel_lanis Staff is indeed a misleading name.

@jackshao126 3 жыл бұрын

@@stel_lanis it’s like Uber drivers for delivery, so gig slaves

@stel_lanis 3 жыл бұрын

@@jackshao126 Man I really hope that this shit will get regulated at some point. The gig economy is not in the slightest sustainable.

@daniel7587 3 жыл бұрын

Interesting video, just one question at 4:16 is that the correct pronunciation of eleme?

@Lukania_Falkor 3 жыл бұрын

No, it's not. It's pronounced as "er-ler-mer". It basically means : hungry?

@user-hy6cp6xp9f 3 жыл бұрын

Uh luh ma?

@diegosantos9757 3 жыл бұрын

How about an episode on Bytedance?

@stevenhe198911 3 жыл бұрын

this is very a detailed research

@petermanuel5043 3 жыл бұрын

I always thought 饿了么 was more popular than 美团... The more you know, eh, thanks!

@adelinesoegianto4740 10 ай бұрын

Between the two tech giants, which one is the United States? And which one is the Soviet Union?

@LawatheMEid 3 жыл бұрын

Good morning from Syria.

@hh0686 7 ай бұрын

Why did Alibaba and Tencent think the consolidation of Didi and Kuadadi was a mistake?

@jayakailashmenon7434 3 жыл бұрын

Hi Can you do one on the failure of BANDAR MALAYSIA?

@joey199412 3 жыл бұрын

Can you make a video about the top 4 lowest birthrates for economies (#1 South Korea, #2 Mainland China, #3 Japan, #4 Taiwan) and maybe answer or theorize why they are all East Asian countries and how that will effect the Asian tigers and the Asian economic landscape in the coming decades.

@hyy3657 3 жыл бұрын

actually Singapore is the lowest.

@xr1747 3 жыл бұрын

@@hyy3657 South Korea is way lower at 0.88, i think Taiwan is marginally lower too

@FOLIPE 3 жыл бұрын

It's not that far bellow Europe or even North America, but they are far more urbanized (except China) and get less immigrants. A view on that would be interesting but it's a global issue

@playboygoss 3 жыл бұрын

And Lei Jun (the founder of Xiaomi) was rated number 1 by forbes china, he is an admirer of steve jobs too, his career is interesting and deserves a video given the rise of Xiaomi

@polaris1985 Жыл бұрын

Population of Austria delivering food all around China, Wow!

@rakeshkumarrout2629 3 жыл бұрын

That's what we looking for .

@FOLIPE 3 жыл бұрын

This is interesting but I'd be worried about the consequences for labour and wages. I do wonder, however, how do they get so many people to work those jobs considering unemployment is so low in China

@JPS_Originals 3 жыл бұрын

Migrant workers I guess, but I have no idea

@user-fj5xc8cl5l 3 жыл бұрын

some of them are college students

@Timothy-su9fj 3 жыл бұрын

It's just because the unemployment numbers are very fake. Chinese statistic are fake but the unemployment rate is just at a completely different level. Like, no one actually concern much about the livestocks' living.

@saretgnasoh7351 3 жыл бұрын

@@Timothy-su9fj your brain also fake lol

@killuadre9176 3 жыл бұрын

@@JPS_Originals I would second this on migrant workers. At least in the first tier cities which I have lived. Ask any of the blue collar workers in Shenzhen, they are all from surrounding provinces and there are very few “Shenzhenese” if that makes sense. Some of these individuals work subsistence wages just to work in a tier 1/2 city to get away from their poor hometowns.

@turtlenomics5121 3 жыл бұрын

Awesome

@cdnsilverdaddy 3 жыл бұрын

Why deservedly so? Is that what innovation is all about?

@rakeshkumarrout2629 3 жыл бұрын

Please make a video on PALANTIR

@PedanticNo1 3 жыл бұрын

GODDAMN DEER!

@rakeshkumarrout2629 3 жыл бұрын

Really appreciate your Chinese pronouncion..

@heinrichklaus5717 3 жыл бұрын

Who is here because of the Meituan stock crash?

@PlanetFrosty 3 жыл бұрын

So now with claw back of “bonuses” paid to CCP Officials, Teachers, and more as it appears the Premier suggests cash is tight at Central Government. Today’s stock market move in China suggest more is afoot, what is the other show to drop? Rumor is that money from Billionaires is being taken too as well as other operational money.

@AFlyingCookieLOL 2 жыл бұрын

Your assumption is backed by nothing.