Meituan

Meituan

Acquired

商务

2021-03-11

2 小时 21 分钟
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We dive into the history behind Meituan, the juggernaut Chinese "super-app" which dominates China's services economy, offering consumers everything from food delivery, restaurant reviews, travel booking, bike-sharing, movie ticketing, and countless other entertainment and lifestyle services all at the touch of a button. Already China's 3rd largest tech company by market cap (behind just Tencent and Alibaba), Meituan did $15 billion in net revenue in FY2019 and continues to grow rapidly. What makes it so special, and how were they able to become the market leader in such a competitive space? This story is packed with lessons that apply equally beyond China tech to high-growth company building and investing everywhere.  Sponsors:ServiceNow: https://bit.ly/acqsnaiagentsHuntress: https://bit.ly/acqhuntressVanta: https://bit.ly/acquiredvanta More Acquired!: Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!The Meituan Playbook is available on our website at https://www.acquired.fm/episodes/meituan Links: Meituan's English language walkthrough video: https://www.youtube.com/watch?v=5wxgQVjDviQThe Tech Buzz China podcast: https://www.techbuzzchina.comGGV's Evolving for the Next Billion podcast: https://nextbn.ggvc.com/podcasts/Bernard Leong's Analyse Asia: https://analyse.asia Carve Outs: Extraterrestrial:  https://www.amazon.com/Extraterrestrial-First-Intelligent-Beyond-Earth-ebook/dp/B081TTY4NX/John Luttig's newsletter: https://luttig.substack.com
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  • You've been a VC in my heart for a long time.

  • I take offense to that and also thank you.

  • Welcome to season eight, episode three of Acquired, the podcast about great technology companies and the stories and playbooks behind them.

  • I'm Ben Gilbert and I'm the co founder and managing director of Seattle based Pioneer Square Labs and our venture fund, PSL Ventures.

  • And I'm David Rosenthal and I am an angel investor based in San Francisco.

  • And we are your hosts.

  • Ben, your bio there.

  • It's a little different this time.

  • Congratulations, my man.

  • Thank you.

  • Very long.

  • Seattle.

  • Excited for the future of the Pacific Northwest.

  • It's very exciting.

  • Well, well deserved promotion to managing director.

  • Well, thank you.

  • And I mean, frankly, it's most exciting just to have a new $100 million early stage fund to invest in Pacific Northwest entrepreneurs who also might be acquired listeners.

  • Well, today we are talking about a company that frankly couldn't be further from the Pacific Northwest.

  • Well, maybe you could.

  • I suppose if you're on the east coast of the United States, you might be literally halfway around the world.