None
DE
Meituan paid $11.3 billion to millions of delivery riders in 2023, averaging less than $0.52 per order
['Cheyenne Dong', 'More Cheyenne Dong', '.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']
TechNode
Around 7.45 million delivery riders earned a total of RMB 80 billion ($11.3 billion) from Meituan last year, company chief executive Wang Xing said in an employee-facing memo on Tuesday, in which Wang listed the social contributions his food delivery giant had made.
Why it matters: Meituan handled 21.9 billion on-demand delivery orders in 2023, according to its annual report, which means its delivery workers made an average of about RMB 3.65 ($0.52) per delivery.
Meituan separates riders into two types, zhuansong in Chinese, meaning full-time workers directly hired by the company, and “flexible workers” with largely self-determined working hours.
Wang did not provide numbers of each type of Meituan delivery service provider in the email.
Context: Beijing-based Meituan’s revenue rose 21% year-on-year to RMB 82 billion in the second quarter this year, while profit for the same period reached RMB 11 billion, up from RMB 4.7 billion in the same period last year.
['delivery'
'rmb'
'meituan'
'order'
'averaging'
'million'
'riders'
'billion'
'paid'
'technode'
'workers'
'service'
'period'
'millions'
'2023'
'wang']