Meituan's Developments and Achievements in 2024

TapTechNews September 18th news, during the Mid-Autumn Festival holiday, Wang Xing, the CEO of Meituan, sent an all-staff letter internally. It mentioned that in the past 3 years, more than 5,000 fresh graduates have been recruited every year, and 6,000 are planned to be recruited for the 2025 session. At the same time, the internal promotion ratio has reached 69%.

Wang Xing mentioned that last year, about 7.45 million riders received income on the Meituan platform and received more than $80 billion in compensation. In addition, the drones independently developed by Meituan have landed on 31 routes in cities such as Shenzhen and Shanghai, and have cumulatively completed more than 300,000 orders. Meituan's self-driving delivery vehicles have been in regular testing and operation in many places such as Beijing and Shenzhen, completing nearly 4 million deliveries.

TapTechNews attached the full text of Wang Xing's internal letter:

Dear Meituan people and Meituan families:

The moon is full and the light is especially good, and the autumn is rich and the air is clearer. At the most beautiful time of reunion in 2024, I wish everyone peace, joy, and a happy family!

This year is the fourteenth Mid-Autumn Festival that Meituan people have spent together. I have always believed that the criterion for judging whether our service is good enough is: whether we are willing and at ease to recommend it to our own family and friends. Serving the family well. Only then can we serve hundreds of millions of consumers well. For this reason, Meituan people have been constantly working hard.

Our mission is to help everyone eat better and live better. In order to help everyone eat better, Meituan people have successively launched products such as special group buying, takeaway God Snatcher, Group Good Meal, God Member savings package, etc. In order to help everyone live better, Meituan Flash Purchase connects millions of local retailers and brands to allow more goods to be delivered to users at any time; Meituan buys medicine covering more than 250,000 pharmacies and realizes full support for medical insurance drug purchase in cities such as Beijing, Shanghai, Guangzhou, and Shenzhen; Meituan has installed new cool cushions on 600,000 bikes and e-bikes in 10 cities across the country to help citizens travel coolly; we are also working hard to expand the service population to more areas. Meituan's brand Keeta has opened stations in Hong Kong for more than a year, and the order volume of the takeaway business has reached the first.

Building a beautiful life together cannot be separated from scientific and technological assistance. In response to the call of the country to develop the low-altitude economic industry, the drones independently developed by Meituan have landed on 31 routes in cities such as Shenzhen and Shanghai, and have cumulatively completed more than 300,000 orders. Meituan's self-driving delivery vehicles have been in regular testing and operation in many places such as Beijing and Shenzhen, completing nearly 4 million deliveries. Meituan's small elephant supermarket has entered 11 cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, and is committed to building a cold chain logistics system to meet the fresh and convenient needs of more families for groceries and general merchandise. We look forward to the growth of employees and the company together, and we also hope everyone is healthy and the family is harmonious.

We pay attention to the recruitment and training of employees. Since the beginning of the company's establishment, we have insisted on campus recruitment. In the past 3 years, more than 5,000 fresh graduates have been recruited every year, and 6,000 are planned to be recruited for the 2025 session, distributed in dozens of cities; currently, 69% of our managers are promoted internally. During this year's Meituan Family Day during the Children's Day period, 537 families and more than 1 ,800 people in Beijing, Shanghai, and Shenzhen participated in the activities. We took our families to visit the company and participate in the game park to enjoy the holiday fun. We organized cycling, badminton and other activities in 7 cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, covering 27,000 employees, and held football, basketball and other leagues every year, and more than 60,000 people watched the games through live broadcasts. The greater the ability, the greater the responsibility. Building a healthy ecosystem and better serving the society is an important theme for Meituan people.

Last year, about 7.45 million riders received income on the Meituan platform and received more than $80 billion in compensation. We are working hard to improve the security level of riders. 4.5 million riders have participated in the pilot project of occupational injury insurance promoted by the country. We also hope to build a larger public welfare platform to allow more people to express a kindness with a low threshold. At present, a total of 40,019 Meituan people have participated in the Kangaroo Baby Public Welfare Plan to help the children of riders with serious diseases get through difficulties; the platform has driven 770,000 users and 1.017 million merchants to participate in donating 1,920 rural children's playgrounds, so that 278,000 children in remote areas no longer have to play on the hard cement floor, but play safely and happily on the beautiful plastic playground.

Fourteen years have passed in a flash. Today, Meituan connects tens of thousands of partners, millions of riders, nearly ten million merchants, and hundreds of millions of consumers. With heavy responsibilities on our shoulders and forging ahead. On this Mid-Autumn Festival, I sincerely thank the Meituan people who have worked hard together and thank the Meituan families who have silently supported us! May we take care of our small families, serve the big families, and make greater contributions to the society!

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