Comment on Local E-commerce Service Meituan’s Half-year GMV Surpassed Last Year’s, Over 70% from Mobile by Chinese Group-buy Service Meituan Reportedly Has Raised $300M and Poached Baidu Exec - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-07-18 00:00:00

Chinese local e-commerce marketplace Meituan disclosed that the gross merchandise volume in the first half of 2014 surpassed RMB16 billion (roughly US$260 million) which is the volume for the whole of last year. CatEye (not official translation), the movie ticketing app by Meituan launched in 2012, has had approximately 20 million installs and become a major player in China’s movie ticketing market. Meituan expects CatEye to account for 20% of the total movie ticket sales and 70% of online movie ticketing in China by year end. The service was recently introduced onto Wandoujia (aka SnapPea), a mobile app & in-app search service, that users are able to buy tickets directly after CatEye entries are returned as search results. Meituan launched a separate app for food delivery in early this year.