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What are additional business models that are synergistic to food-delivery business model? Case Study of Meituan (The largest Chinese food delivery platform 70% market share): Meituan Select, Meituan Instashopping, Meituan Grocery

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Meituan turned a CNY6.7 billion loss in 2022 into a CNY13.9 billion profit in 2023. This was largely driven by Meituan Shangou / Instashopping, its instant retail platform, which saw a 40% increase in orders.
Last year. at Tech Buzz China, we wrote extensively about Meituan…

Meituan Instashopping grew strongly in Q3, with order volume, merchant base, and user base all increasing notably. Order volume reached “a peak of over 13 million daily orders on Chinese Valentine's Day in August,” Wang said.

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“Driven by growth in both user base and transaction frequency, Meituan Instashopping order volume increased by about 35% YoY in Q1. Annual active merchants on Meituan Instashopping increased by over 30%,” Wang said.