Dot 015: Project - Wang Xing/Meituan - Strategies and Execution on the Strategies

8/15/2018

Existing logic: "help people live better, eat better."

1. Tsinghua University, 2001;
2. Dropped out from PhD, 2003;
3. Two tries on SNS products, 2004;
4. Launched xiaonei.com (Chinese Facebook), 2005;
5. Sold it, 2006;
6. Launched fanfou.com (Chinese Twitter), 2007;
8. Got censored, 2009;
9. Launched Meituan.com, 2010;
10. Survived and thrived from 5000 competitors, 2012;
11. New business: food delivery;
12. New business: movie tickets booking;
13. New business: restaurant reservation;
14. New business: restaurant rating/recommendation, 2015;
15. New business: hotel rating/recommendation;
16. New business: hotel reservation;
17. New business: flight&train tickets booking;
18. New business: Payment system;
19. New business: ERP system for business customers;
20. New business: Car sharing, 2017
21, New business: biking sharing, 2017
22. New business: offline store
23. IPO: Sept 20th, 2018

Meituan Dianping = Yelp + OpenTable + Doordash/GrubHub + Fandango + TripAdvisor + Princeline + Booking + Airbnb + LimeBike + Uber
Alibaba in the third industry
Chinese Amazon in the third industry

Timeline:
2003

2005

2006

2007

2009

2010

...

2013

2014

2015

2016

2017

2018