Meituan (HKEX: 3690) is China’s largest on-demand services platform, connecting over 700 million consumers with 14.5 million active merchants across food delivery, in-store dining, hotel booking, travel, movie ticketing, and grocery delivery. Founded in 2010 as a group-buying site, the company merged with restaurant review giant Dianping in 2015 and went public on the Hong Kong Stock Exchange in September 2018. Today, Meituan CEO Wang Xing leads a workforce of over 109,000 employees and oversees a business that generated RMB 337.6 billion (US$46.9 billion) in revenue in 2024. A serial entrepreneur often called China’s “poet entrepreneur,” Wang has built Meituan into one of the world’s most valuable internet companies with a market capitalization exceeding HK$490 billion.

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Wang Xing – Quick Facts

Meituan Competitors

Meituan operates in China’s fiercely competitive on-demand services and food delivery industry. As of 2025, its food delivery duopoly with Ele.me was disrupted by JD.com’s aggressive entry into the market. The key competitors of Meituan include:

• Ele.me (Alibaba Group) – Meituan’s primary food delivery rival, integrated with Taobao’s e-commerce ecosystem
• JD.com – entered food delivery in 2025, leveraging its supply chain strengths to challenge the duopoly
• Douyin / TikTok (ByteDance) – expanding into local services and in-store dining with massive user base
• Pinduoduo / Temu (PDD Holdings) – competing in community group buying and grocery delivery
• DoorDash (USA) – world’s largest food delivery company by market cap
• Grab Holdings (Southeast Asia) – super-app for ride-hailing, food delivery, and payments
• Deliveroo (UK) – on-demand food delivery in Europe and Asia-Pacific
• Uber Eats (Uber Technologies) – global food delivery platform

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Wang Xing Net Worth 2026 – Meituan CEO Salary

As of February 2026, Wang Xing’s net worth is estimated at approximately $12–16.5 billion USD, based on his significant ownership stake in Meituan. According to the 2025 Hurun Rich List, his wealth was pegged at RMB 87.5 billion (~$12.2 billion), while Forbes estimated it at $16.5 billion. Wang beneficially owns approximately 9–13% of Meituan through Class A and Class B shares, giving him roughly 42% of the company’s voting rights on ordinary resolutions.

Unlike many Western tech CEOs, Wang Xing’s compensation as Meituan CEO is relatively modest. His wealth is almost entirely derived from his founding equity stake rather than salary and bonuses. As a Hong Kong-listed company, Meituan discloses aggregate director compensation in its annual report.

Meituan CEO Estimated Compensation

Meituan Net Worth 2026 – Is Meituan Profitable?

Yes, Meituan is a highly profitable company. In fiscal year 2024, the company reported a 158% surge in net profit to RMB 35.8 billion, driven by strong growth in food delivery, in-store services, and new initiatives. Revenue grew 22% year-over-year to RMB 337.6 billion (US$46.9 billion), and adjusted net profit reached RMB 43.8 billion.

Meituan Financial Summary (FY2024)

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Meituan CEO Email Address | Wang Xing Contact

Below are the available contact details and corporate information for Meituan CEO Wang Xing. As a private individual, Wang Xing does not maintain public social media profiles — he locked down his Weibo and Fanfou accounts in 2021.

Career & Education – Company, University, & College

Wang Xing is one of China’s most prolific serial entrepreneurs. Before Meituan, he founded or co-founded multiple influential social media platforms, each modeled on successful Western companies and adapted for the Chinese market. His entrepreneurial journey spans two decades of building, learning from failures, and ultimately creating one of the world’s most valuable internet platforms.

Wang Xing Career Timeline

Wang Xing’s career began after he dropped out of his Ph.D. program at the University of Delaware in 2003 to return to China and pursue entrepreneurship. With his Tsinghua University classmates Wang Huiwen and Lai Binqiang, he co-founded Duoduoyou, an early social networking site targeting Chinese university students.

In 2005, Wang created Xiaonei.com (literally “on campus”), a Facebook-like social network that became a quick hit with Chinese college students. However, facing funding challenges, he was compelled to take money from his parents to keep it running. In 2006, Wang and his co-founders sold Xiaonei to Oak Pacific Interactive for an unspecified sum. The site was later rebranded as Renren.com and became one of China’s largest social networks.

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In 2007, Wang launched Fanfou (饭否, “Dinner or Not”), China’s first Twitter-like microblogging platform, which gained rapid popularity. But the site was shut down for over a year following the 2009 Xinjiang unrest, as Chinese authorities tightened controls on social media. Despite this setback, Wang persevered.

In 2010, Wang founded Meituan, a Groupon-inspired group-buying platform, with his wife Guo Wanhuai. Meituan survived the brutal “Thousand Groupon War” — when over 5,000 group-buying sites competed in China — and emerged as the clear winner. In 2015, Meituan merged with restaurant review platform Dianping (backed by Tencent), and the combined entity expanded into food delivery, hotel booking, movie ticketing, bike-sharing, and ride-hailing. Meituan went public on the Hong Kong Stock Exchange in September 2018.

Education

Wang Xing Wiki – Age, Family, & More

Meituan CEO Wang Xing (age 46) was born on February 18, 1979, in Longyan, a city in Fujian Province, China. He is married to Guo Wanhuai, his high school sweetheart, who graduated from Peking University and has been described as the “number three” figure in Meituan, handling public relations and crisis communications. The couple has children, though Wang keeps his family life extremely private.

Wang’s father, Wang Miao, was a successful businessman in Fujian’s cement industry and helped fund his son’s early entrepreneurial ventures. Wang also has an older sister. Known as China’s “poet entrepreneur,” Wang is a voracious reader with a particular fondness for Haruki Murakami’s literature and classical Chinese poetry. He famously posted prolifically on Fanfou — averaging three posts per day for 14 years — before locking down his social media accounts in 2021.

Notable Achievements & Recognitions

• Serial Entrepreneur – Founded or co-founded five companies before age 35, including China’s first Facebook clone (Xiaonei) and first Twitter clone (Fanfou)
• “Thousand Groupon War” Victor – Led Meituan to victory over 5,000+ competitors in China’s group-buying market
• Billionaire Philanthropist – Donated HK$2.274 billion (US$292 million) to his educational foundation in 2023
• Li Auto Board Member – Early investor and board member of electric vehicle maker Li Auto (NASDAQ: LI)
• Forbes & Hurun Lists – Consistently ranked among China’s wealthiest individuals
• IPO Success – Took Meituan public on the HKEX in September 2018 at a valuation of ~US$53 billion

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About Meituan

Meituan (美团, formerly Meituan-Dianping) is a Chinese technology company headquartered in Beijing. Founded in 2010, it has grown into the world’s largest on-demand services platform, connecting hundreds of millions of consumers with local businesses. The company operates across multiple service categories:

Meituan trades on the Hong Kong Stock Exchange under the ticker symbol 3690. As of 2024, the platform served over 700 million annual transacting users and 14.5 million active merchants. The company maintains a massive delivery network and has been expanding internationally with its KeeTa brand, launching in Hong Kong in 2023 and Brazil in 2025.

Frequently Asked Questions (FAQ)

Who is the current CEO of Meituan?

The current CEO of Meituan is Wang Xing, who co-founded the company in January 2010 and has served as Chairman and Chief Executive Officer since inception. Wang is a serial entrepreneur who previously founded Xiaonei.com (China’s first Facebook clone) and Fanfou (China’s first Twitter clone).

What is Wang Xing’s net worth in 2026?

As of 2026, Wang Xing’s net worth is estimated at approximately $12–16.5 billion USD, based on his approximately 9–13% ownership stake in Meituan. His wealth fluctuates with Meituan’s stock price on the Hong Kong Stock Exchange (HKEX: 3690).

What is the Meituan CEO’s salary?

Wang Xing’s exact salary is not individually disclosed, as Meituan reports aggregate director compensation in its Hong Kong-filed annual report. However, his wealth is overwhelmingly derived from his founding equity stake in Meituan rather than cash compensation.

What is the Meituan CEO’s email address?

Wang Xing does not have a publicly available personal email address. For investor inquiries, contact Meituan Investor Relations at [email protected]. For general inquiries, visit the official website at meituan.com.

How old is Wang Xing?

Wang Xing is 46 years old as of February 2026. He was born on February 18, 1979, in Longyan, Fujian Province, China. He earned his B.S. in Electronic Engineering from Tsinghua University and an M.S. in Computer Engineering from the University of Delaware.

Is Meituan a profitable company?

Yes, Meituan is highly profitable. In fiscal year 2024, the company reported net profit of RMB 35.8 billion (approximately US$5 billion), a 158% increase year-over-year. Revenue was RMB 337.6 billion with a gross margin of 38.4%. The company also holds RMB 168.2 billion in cash and equivalents.

Article last updated:January 2026March 2, 2026