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MPNGF (Meituan) Payments on Behalf of Employees


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What is Meituan Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.


Meituan Business Description

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No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102
Meituan is the largest food delivery platform in China, with a 60%-70% share of the market in 2024, according to Morningstar estimates. In the third quarter of 2024, the firm generated 74% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), as well as hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as from the community group purchase business Meituan Select and the overseas food delivery business.