Meituan

Meituan Select further improved operational efficiency on year-over-year basis in 2023. “By the end of 2023, we have accumulated over 500 million transacting users. This new user base may bring more cross-sell opportunities to the platform in the future,” Wang said.

In 2023, order volume of Meituan Instashopping increased by over 40%, and Annual Active Merchants grew by almost 30% year over year. Purchase frequency from core users grew by 20% in Q4, Wang said.

“Having food and meals delivered in 30 minutes has become a new lifestyle. Throughout the year, we proactively iterated our business strategies and refined our operations in products, marketing and supply to cope with the evolving consumption trends,” Wang said. #fooddelivery

During 2023, Meituan has achieved healthy and high-quality growth in core businesses. Meituan “effectively satisfied diverse needs from consumers and invigorated local consumption,” said Xing Wang, Meituan founder and CEO, on 4Q 2023 earnings conference call.

Today, Meituan is pleased to announce the audited consolidated results of the Company for the year ended December 31, 2023. #China #tech
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