Podcast note: 25. Meituan Dianping

This blog is the note and review about the podcast for 美团是中国最大型的便利店 in 疯投圈.

Podcast link

The property of convenient store

1. satisfying meal demand

Japan Life Style

1. overwork
2. single man/woman (35% girls single below 35 yr)
3. Some Ramen, coffee shop -> single seat
4. many people go to 7–11 for food

The biggest of Catering Co.,Ltd in Japan

1. 7–11
2. made on spot

7–11

1. there are Packaging business, Catering
2. Catering > 50%

Why Catering of 7–11 popular in Japan not in China

1. food manufacturing is advanced in Japan than in China
2. different dishes style

7–11 in Japan is like Meituan in China

Why not big in Japan, USA

1. food delivery -> human cost high
2. compact population
3. traffic heavy jam in Beijing
4. weather bad in Beijing (people do not want to go out)

Will Meituan take over convenient store?

1. 7–11 has high ratio of drinks (low price)

What product not taken by delivery?

1. low price items (drink, compared with human cost)

What percentage of FamilyMart get from selling a drink

1. about 50%

house renting cost v.s. human cost

Is it possible for Meituan to delivery grocery?

1. non standardized item
2. real time update for stock

Does it need to tech upgrading?

Why Meituan become leader in food delivery market?

1. management ability
2. operation ability

Tencent

1. no cooperation between the team -> no share data
2. KPI mechanism causes this situation