Meituan

Meituan, established in 2010 and headquartered in Beijing, China, operates a comprehensive online platform offering retail and group buying services. It specializes in delivering Chinese food from local restaurants and provides online group discounts for a wide range of sectors, including movies, groceries, restaurants, entertainment, and health/fitness. As of 2020, Meituan holds a dominant 70.7% share in China's food delivery market. Its revenue streams are primarily derived from on-demand services (58%), hotel booking, coupon sales, and advertising (17%), with new initiatives contributing the remaining 25%. These new initiatives, such as community group buying and non-food delivery, are poised to transform Meituan into a broader grocer and logistics business, potentially surpassing food delivery as its primary focus.

Xing Wang

Co-Founder, CEO and Chairman

Tao Zhang

Co-Founder

Past deals in Beijing

Mech-Mind Robotics

Series C in 2022
Mech-Mind Robotics Technologies is a prominent manufacturer based in Beijing, China, specializing in hardware and software solutions for the logistics industry. Founded in 2016, the company produces advanced smart cameras, including the Mech-Eye series, which are designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind also develops AI-powered software that enables robotic cameras to identify and process objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in tackling complex automation challenges, including bin picking and assembly tasks, thereby enhancing operational efficiency in the e-commerce and logistics sectors. The company further extends its reach with an office in Munich, Germany, and a sales office in Shanghai, China.

Robot++

Series B in 2022
Robot++ is a Beijing-based company specializing in designing and manufacturing industrial robots for hazardous or hard-to-reach environments. Their product range includes robots for boiler inspection, ship rust removal, chemical tank descaling, wall climbing, computer room inspection, power plant maintenance, and more. The company caters to various industries such as energy, chemicals, shipping, logistics, and emergency services, offering safe, efficient, and cost-effective robotic solutions.

Mech-Mind Robotics

Series C in 2021
Mech-Mind Robotics Technologies is a prominent manufacturer based in Beijing, China, specializing in hardware and software solutions for the logistics industry. Founded in 2016, the company produces advanced smart cameras, including the Mech-Eye series, which are designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind also develops AI-powered software that enables robotic cameras to identify and process objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in tackling complex automation challenges, including bin picking and assembly tasks, thereby enhancing operational efficiency in the e-commerce and logistics sectors. The company further extends its reach with an office in Munich, Germany, and a sales office in Shanghai, China.

Mech-Mind Robotics

Series C in 2021
Mech-Mind Robotics Technologies is a prominent manufacturer based in Beijing, China, specializing in hardware and software solutions for the logistics industry. Founded in 2016, the company produces advanced smart cameras, including the Mech-Eye series, which are designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind also develops AI-powered software that enables robotic cameras to identify and process objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in tackling complex automation challenges, including bin picking and assembly tasks, thereby enhancing operational efficiency in the e-commerce and logistics sectors. The company further extends its reach with an office in Munich, Germany, and a sales office in Shanghai, China.

Flexiv

Series B in 2020
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in the development and manufacturing of adaptive robots, which integrate force control, computer vision, and AI technologies. Founded in 2016, the company is headquartered in Shanghai, China, with additional offices in Santa Clara, California, and various other cities in China. Flexiv's flagship product, RIZON, is designed for applications such as curved-surface processing, plugging, and assembly. The company serves a diverse range of industries, including automotive electronics, new energy, home appliances, consumer electronics, aerospace, and high-speed trains. Flexiv's robotic systems are engineered to operate in complex and unstructured environments, enabling businesses to automate industrial processes and enhance operational efficiency while safely collaborating with human workers.

Li Auto

Series D in 2020
Li Auto Inc. is a prominent Chinese manufacturer of smart electric vehicles, specializing in the design, development, production, and sale of premium electric sport utility vehicles (SUVs). Established in 2015 and headquartered in Beijing, the company launched its first model, the Li ONE, in November 2019. This six-seat electric SUV features a range extension system and advanced smart vehicle solutions, catering to consumers seeking longer travel capabilities. In 2023, Li Auto sold over 376,000 new energy vehicles, capturing approximately 4% of China's passenger new energy vehicle market. The company continues to expand its product offerings, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in order to reach a wider audience and meet diverse consumer needs.

Yihao Foodstuff

Series B in 2020
Guangdong Yihao Foodstuff Co., Ltd., established in 2004 and headquartered in Guangzhou, China, is a prominent food enterprise specializing in research and development, aquaculture production, and supply chain management. The company is recognized for its commitment to maintaining high product quality, ensuring customer satisfaction, and enhancing brand awareness. Since its inception, Yihao Foodstuff has expanded its operations significantly, establishing a presence in over 30 major cities, including Guangzhou, Shenzhen, Beijing, and Shanghai. This strategic expansion supports the company’s goal of promoting its brand nationally while contributing to the overall development of the food industry in China.

Meituan Bike

Acquisition in 2018
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Beijing Qiandaibao Payment Technology

Acquisition in 2016
Beijing Qiandaibao Payment Technology Ltd. is a company specializing in the development, design, and manufacture of mobile point of sale payment technology products. Established in 2008 and headquartered in China, the company provides innovative solutions such as a smartphone plug-in for processing payments from mag-stripe cards. Its product range includes SIM-sticking cards, SD cards, smart keys, mobile-connecting card readers, and card-swiping mobile phones. Formerly known as Qiandaiwang (Beijing) Information Technology Co., Limited, Beijing Qiandaibao focuses on enhancing payment technologies to facilitate transactions in a mobile environment.

Meituan

Acquisition in 2015
Meituan, established in 2010 and headquartered in Beijing, China, operates a comprehensive online platform offering retail and group buying services. It specializes in delivering Chinese food from local restaurants and provides online group discounts for a wide range of sectors, including movies, groceries, restaurants, entertainment, and health/fitness. As of 2020, Meituan holds a dominant 70.7% share in China's food delivery market. Its revenue streams are primarily derived from on-demand services (58%), hotel booking, coupon sales, and advertising (17%), with new initiatives contributing the remaining 25%. These new initiatives, such as community group buying and non-food delivery, are poised to transform Meituan into a broader grocer and logistics business, potentially surpassing food delivery as its primary focus.

Meican

Series C in 2015
Meican.com is a prominent online platform that specializes in food catering and delivery services. Established in January 2011, it operates in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, partnering with over 30,000 restaurants to offer a diverse range of meal options. The platform facilitates mobile ordering and provides detailed take-out menus, catering to the needs of both individual users and enterprises. For businesses, Meican.com streamlines meal ordering processes, offering solutions for food classification and settlement, allowing companies to focus on their core operations. With a strong emphasis on product research and development, Meican.com leverages its experienced team to enhance both online and offline services, ensuring a convenient and personalized dining experience.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.