Meituan-Dianping
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The merged entity of China’s two largest local services rivals, Meituan has a market cap of HKD 1.93tn in the Hong Kong Stock Exchange, where it is listed. Its total transaction volume reached RMB 682bn in 2019. In 2015, Meituan merged with Chinese rival Dianping and was known as Meituan-Dianping, but the brand has since been unified to Meituan. Now headed by Meituan founder Wang Xing, the Tencent-backed company is China’s largest on-demand, or O2O (online-to-offline), services provider, offering food delivery, restaurant booking, group buying, movie ticket booking and more.
The merged entity of China’s two largest local services rivals, Meituan has a market cap of HKD 1.93tn in the Hong Kong Stock Exchange, where it is listed. Its total transaction volume reached RMB 682bn in 2019. In 2015, Meituan merged with Chinese rival Dianping and was known as Meituan-Dianping, but the brand has since been unified to Meituan. Now headed by Meituan founder Wang Xing, the Tencent-backed company is China’s largest on-demand, or O2O (online-to-offline), services provider, offering food delivery, restaurant booking, group buying, movie ticket booking and more.
Launched in 2003, Dianping is China's most popular restaurant-reviewing and group-buying service. It merged with closest rival Meituan in October 2015, in a US$15 billion deal.
Launched in 2003, Dianping is China's most popular restaurant-reviewing and group-buying service. It merged with closest rival Meituan in October 2015, in a US$15 billion deal.
Gan is best known for being the 67th employee of Alibaba and the former COO of Meituan-Dianping. Before joining Alibaba in 1999, Gan had worked at a state-owned coal trading enterprise for five years. At Alibaba, he served in multiple roles, including as director of online operation, director of marketing, regional manager and vice president. Gan left Alibaba to become COO of Meituan in 2011. In 2016, he was named the first president of Meituan-Dianping's Internet Plus University, which was founded to train company employees. Gan resigned from Meituan-Dianping in 2017 to join Hillhouse Capital as managing partner.
Gan is best known for being the 67th employee of Alibaba and the former COO of Meituan-Dianping. Before joining Alibaba in 1999, Gan had worked at a state-owned coal trading enterprise for five years. At Alibaba, he served in multiple roles, including as director of online operation, director of marketing, regional manager and vice president. Gan left Alibaba to become COO of Meituan in 2011. In 2016, he was named the first president of Meituan-Dianping's Internet Plus University, which was founded to train company employees. Gan resigned from Meituan-Dianping in 2017 to join Hillhouse Capital as managing partner.
Co-founder of Waterdrop and general manager of Shuidi Huzhu of Waterdrop (Shuidi)
Hu Yao graduated in 2009 from Nankai University in Tianjin with a bachelor's degree in software engineering. He was CTO at renren.com from 2008–2012 and a senior software engineer at Meituan Dianping from 2013–2014. From 2014–2016, he was VP of ONE Smart Piano. He co-founded Waterdrop in 2016 and had served as the general manager of Waterdrop Mutual Aid until the platform was shut down in March 2021.
Hu Yao graduated in 2009 from Nankai University in Tianjin with a bachelor's degree in software engineering. He was CTO at renren.com from 2008–2012 and a senior software engineer at Meituan Dianping from 2013–2014. From 2014–2016, he was VP of ONE Smart Piano. He co-founded Waterdrop in 2016 and had served as the general manager of Waterdrop Mutual Aid until the platform was shut down in March 2021.
CEO and Founder of Waterdrop (Shuidi)
Shen Peng had first tried founding a startup while studying finance at Beijing's Central University of Finance and Economics from 2006 to 2010. In 2009, he joined Meituan – now known as Meituan Dianping – as its tenth employee. At the age of 23, he was in charge of Meituan's group buying business in north China. Shen was also a key player when Meituan expanded into the food delivery business. He received his master's degree in retail management from the Neoma Business School through a partnership with the University of International Business and Economics in Beijing. He founded Waterdrop in 2016 and has served as its CEO since.
Shen Peng had first tried founding a startup while studying finance at Beijing's Central University of Finance and Economics from 2006 to 2010. In 2009, he joined Meituan – now known as Meituan Dianping – as its tenth employee. At the age of 23, he was in charge of Meituan's group buying business in north China. Shen was also a key player when Meituan expanded into the food delivery business. He received his master's degree in retail management from the Neoma Business School through a partnership with the University of International Business and Economics in Beijing. He founded Waterdrop in 2016 and has served as its CEO since.
After earning his MBA at the Wharton School of the University of Pennsylvania, Zhang worked as an advisor at American Management Systems, an IT consulting firm based in the US. In 2003, he founded Dianping.com, one of China’s biggest online lifestyle services providers, and served as CEO and chairman until 2015. After Dianping.com merged with group-buying giant Meituan in 2015, Zhang became chairman of Meituan-Dianping.
After earning his MBA at the Wharton School of the University of Pennsylvania, Zhang worked as an advisor at American Management Systems, an IT consulting firm based in the US. In 2003, he founded Dianping.com, one of China’s biggest online lifestyle services providers, and served as CEO and chairman until 2015. After Dianping.com merged with group-buying giant Meituan in 2015, Zhang became chairman of Meituan-Dianping.
Co-founder and Head of Strategy of Huajuan Mall
Bao holds two bachelor’s degrees in Finance and Communications Engineering from the Harbin Institute of Technology and a master’s degree in Financial Mathematics from the University of Chicago. He worked as an associate at Morgan Stanley's Global Capital Markets business unit from 2011 to 2015. Bao then worked as an investment associate at Chinese group buying website Meituan-Dianping from 2015 to 2016 and at Legend Capital from 2016 to 2017. In 2017, he co-founded Huajuan Mall and has since served as head of strategy.
Bao holds two bachelor’s degrees in Finance and Communications Engineering from the Harbin Institute of Technology and a master’s degree in Financial Mathematics from the University of Chicago. He worked as an associate at Morgan Stanley's Global Capital Markets business unit from 2011 to 2015. Bao then worked as an investment associate at Chinese group buying website Meituan-Dianping from 2015 to 2016 and at Legend Capital from 2016 to 2017. In 2017, he co-founded Huajuan Mall and has since served as head of strategy.
CEO and Founder of Tigerobo
Founder and CEO of Tigerobo, Chen Ye holds a PhD in Information Systems and Computer Science from the University of Wisconsin-Madison (2004–2007). From 2007–2015, he worked in the US as research scientist in Microsoft, eBay and Yahoo. During this period, he published over 20 papers. In 2015, he returned to China. Before founding Tigerobo in 2017, he was senior vice-president of products and marketing at Meituan-Dianping, China’s largest on-demand online service provider, heading its advertisement team for three years, raising its annual advertisement revenue from RMB 10m to RMB 4bn.
Founder and CEO of Tigerobo, Chen Ye holds a PhD in Information Systems and Computer Science from the University of Wisconsin-Madison (2004–2007). From 2007–2015, he worked in the US as research scientist in Microsoft, eBay and Yahoo. During this period, he published over 20 papers. In 2015, he returned to China. Before founding Tigerobo in 2017, he was senior vice-president of products and marketing at Meituan-Dianping, China’s largest on-demand online service provider, heading its advertisement team for three years, raising its annual advertisement revenue from RMB 10m to RMB 4bn.
Founded in 1998 by Larry Page and Sergey Brin, Google started out as a web search engine. It then grew into a provider of various web services (e.g., email, web publishing) and subsequently became one of the world’s biggest tech companies, standing alongside Apple, Microsoft and Amazon. As an investor, Google is notably one of the earliest investors in Chinese internet giants Baidu and Meituan-Dianping.
Founded in 1998 by Larry Page and Sergey Brin, Google started out as a web search engine. It then grew into a provider of various web services (e.g., email, web publishing) and subsequently became one of the world’s biggest tech companies, standing alongside Apple, Microsoft and Amazon. As an investor, Google is notably one of the earliest investors in Chinese internet giants Baidu and Meituan-Dianping.
Founder and CEO of Pumpkin Coach (Nanguache)
A former Alibaba and Dianping top executive, Lu Xin (b. 1981) is a mother of two. She headed Chinese product operations at Alibaba before joining China’s largest restaurant review site Dianping as its chief traffic officer in early 2010. In January 2015, she quit and left behind her annual million-dollar salary to start Nanguache, her second business venture.
A former Alibaba and Dianping top executive, Lu Xin (b. 1981) is a mother of two. She headed Chinese product operations at Alibaba before joining China’s largest restaurant review site Dianping as its chief traffic officer in early 2010. In January 2015, she quit and left behind her annual million-dollar salary to start Nanguache, her second business venture.
Co-founder of Zaihui
Li worked as a regional sales manager at Dianping, the largest restaurant review website in China, from 2008 to 2015, where he successfully built and led a team of more than 300 sales experts, helping the company achieve considerable sales revenue.
Li worked as a regional sales manager at Dianping, the largest restaurant review website in China, from 2008 to 2015, where he successfully built and led a team of more than 300 sales experts, helping the company achieve considerable sales revenue.
Co-founder of Waterdrop and general manager of Shuidi Bao of Waterdrop (Shuidi)
Yang Guang studied Mathematics at the University of Waterloo from 2005 to 2010. He returned to China in 2010 and worked at Deloitte from 2010 to 2013, China eCapital Corporation from 2013 to 2015 and Meituan Dianping's strategic investment unit from 2015 to 2016. In 2016, he co-founded Waterdrop and is now the general manager of Waterdrop Insurance Mall.
Yang Guang studied Mathematics at the University of Waterloo from 2005 to 2010. He returned to China in 2010 and worked at Deloitte from 2010 to 2013, China eCapital Corporation from 2013 to 2015 and Meituan Dianping's strategic investment unit from 2015 to 2016. In 2016, he co-founded Waterdrop and is now the general manager of Waterdrop Insurance Mall.
The quickest (30 minutes) doorstep delivery for the freshest foods is just a click away, thanks to Beequick’s logistics and technology innovations.
The quickest (30 minutes) doorstep delivery for the freshest foods is just a click away, thanks to Beequick’s logistics and technology innovations.
Light-Up Capital (Dianliang Fund)
Founded in 2013 by Long Wei, a co-founder of Dianping, Light-Up Capital (also known as Dianliang Fund) focuses on companies in early through growth stage with specialization in robotics, artificial intelligence, mobile internet and mobile healthcare.
Founded in 2013 by Long Wei, a co-founder of Dianping, Light-Up Capital (also known as Dianliang Fund) focuses on companies in early through growth stage with specialization in robotics, artificial intelligence, mobile internet and mobile healthcare.
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Meituan-Dianping’s Wang Xing: From struggling copycat to IPO billionaire
As the internet startup sets to list in Hong Kong this week, we take a look back at the journey of its founder Wang Xing, once dubbed “the unluckiest serial entrepreneur”
Meituan, the “Amazon for local services”
Now worth over US$50 billion, the company has always focused on one end-goal: help consumers eat better, live better
Tigerobo: Building the next-generation search engine with natural language processing
With the success of Tigerobo Search, its flagship AI-based finance industry search engine, the startup is also diversifying into government, energy and media sectors
As more Chinese opt for cosmetic surgery, startups have emerged to help them make informed decisions
China’s medical aesthetic services platforms face both opportunities and challenges with the rise of Generation Z
Neil Shen: The super unicorn hunter
His bet on ByteDance, the startup that gave the world TikTok, helped Neil Shen top this year's Forbes Midas List. But for Shen, even in that deal he once made the wrong call
Waterdrop: Using crowdfunding and social media to disrupt health insurance
Insurtech startup Waterdrop helps families in China who cannot afford medical treatment to raise money via online mutual aid and crowdfunding, while selling insurance plans too
In China's frothy tea drink universe, startups learn to battle
Tea shop startups like Nayuki and Heytea are staying afloat by turning to high-quality organic ingredients and greater brand visibility
Mobike founder Hu Weiwei: A crazy idea that touched millions of lives
In just three years, Hu Weiwei has changed the way over 150 million people travel in the city with her company’s dockless bikes
Amid IPO talk, Meicai continues to push for growth in bid to become China's Sysco
Covid-19 helped speed up expansion to the B2C market for Meicai, China’s most valuable agrifood tech unicorn founded by a farmer’s son
Will Shanghai's new tech board be home to China’s next BAT?
As China’s new Nasdaq-style board speeds to welcome its first IPOs, here’s a look at what’s changed for Chinese tech firms listing in the mainland, and if it could be pivotal in the emerging tech cold war
Nongguanjia: Housekeeper of Chinese farmers' fortunes
Combining fintech and e-commerce, Nongguanjia started by monetizing land circulation, to help hundreds of millions of Chinese farmers get financing and thrive
This Chinese café startup aims to best Starbucks with “new retail” strategy
Luckin Coffee has gone from scratch to China’s first coffee shop unicorn in less than a year, pouring more than 5 million cups of coffee along the way
Li Bin: Aiming for more than a Chinese copy of Tesla
Good at making and investing money, he founded two companies that went on to list on the NYSE and invested in over 40 startups
China’s online mutual aid market: A new battleground for tech giants and startups
Startups spotted the opportunity and tech giants too have entered a market seen tripling by 2025. But profitability is still in doubt amid regulatory uncertainty
“Sniper investor” Zhu Xiaohu: GSR Ventures chief’s slow but steady way of spotting future unicorns
Known for his conservative investing in China’s often-euphoric tech startup scene, Zhu Xiaohu has caught unicorns like Didi Chuxing while making a profitable exit from Ofo just before it sank
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