March 26，Meituan (stock code: 3690.HK) releases fourth quarter and full-year results for 2020。Benefiting from the strong resilience and vitality of China’s economy，The company’s main business will maintain steady growth in 2020，Full year revenue 114.8 billion yuan (RMB，The same below)，A record high。As of December 31, 2020，The number of active merchants and annual transaction users on the Meituan platform increased to 6.8 million and 5 respectively.100 million，Highlights the prosperity and development of China’s consumer market。

Looking back to 2020，Meituan took the initiative to assume social responsibility in the face of the sudden epidemic，Take practical actions to leverage industry and platform advantages to help the industry recover，Introduced a number of measures to stabilize employment、Promote people’s livelihood。Last year only，There are more than 4.7 million riders earning income on the Meituan platform，As of the end of 2020，The cumulative proportion of riders in poverty-stricken areas who earn income from the Meituan platform is 24%，A historic moment when the country achieved comprehensive victory in the fight against poverty，Meituan also serves as a representative of Internet companies，Received 188bet app the commendation of “National Advanced Group in Poverty Alleviation”。Also，Meituan Preferred actively launches the “Direct Procurement of Fresh Agricultural Products” program for lower-tier markets，By increasing direct source procurement，Let specialty agricultural products from many places be sold nationwide，Increase farmers’ income。

“Benefit from the rapid recovery of the domestic economy，Meituan’s various businesses continue to maintain steady growth。We have served more users and merchants in the past year，Further enriched service categories and scenarios，It also led to more employment and consumption growth”，Meituan CEO Wang Xing said，“With the acceleration of China’s digitalization process，We focus on the ‘Food+Platform’ strategy，Continue to explore new opportunities，Long-term investment in areas of strategic value such as retail，Through continuous technological innovation，Continue to create long-term value for society，Help everyone eat better，Better life。”

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As the only major economy in the world to achieve positive economic growth in 2020，China’s consumer market took the lead in recovering from the epidemic，Driving strong growth across Meituan’s businesses。Under the influence of the epidemic，In the past year, more catering businesses have actively chosen to open stores on Meituan，Accelerating the digitalization process of the industry，Users’ consumption habits of instant delivery services have further promoted the strong growth of the catering takeout business，The annual transaction volume reached 488.9 billion yuan。

In the catering and takeaway division，Benefit from a richer range of service categories、Better offline fulfillment and delivery experience，And the continued strengthening of brand penetration，Consumers’ satisfaction with Meituan’s food delivery is increasing，Make old users purchase more frequently，The number of catering takeout transactions increased by 16 year-on-year.3% to 10.1 billion transactions。Among them，The number of new brand merchants launching Meituan Takeaway in 2020 increased by 127% year-on-year，Further enriching the high-quality supply of takeaways；With the continuous optimization of online operation solutions and digital operation methods，New merchants’ restaurant conversion rates and operating efficiency improved significantly，The number of active merchants continues to grow。

In the context of the rapid recovery of the domestic consumer market，Meituan and local governments jointly launched the "Safe Consumption Festival" covering multiple scenarios including in-store purchases，Cooperation projects cover 163 regions，Benefiting tens of millions of citizens，Helping cities enhance consumption vitality，These measures also drove the annual revenue of the hotel and hotel and travel business segments to 21.3 billion yuan。Through more diversified online marketing products，Meituan further stimulates the vitality of small and medium-sized businesses，A number of new vertical categories such as escape rooms have emerged with significant growth；In terms of traditional in-store catering businesses，By customized products，Deepened cooperation with quality restaurants and large 188bet Online Sports Betting and Casino national chain restaurants，Transaction volume achieved、Significant growth in order volume and revenue。Wine and tourism，By increasing the penetration rate in lower-tier cities and significantly increasing the supply of high-star hotels，Thus driving domestic hotel room nights back to positive growth。Among them，Five-star hotel room nights increased by more than 110% year-on-year in the fourth quarter，Shows that consumer demand in the tourism market has begun to be released after the epidemic。

Focus on the urban and rural consumer markets and continue to invest firmly in new businesses such as retail

Except for main business，Meituan’s new businesses invested in the future also continue to grow steadily，Benefit from Meituan’s delivery efficiency、Convenient user experience and product services，New business full-year revenue growth 33.6% to 27.3 billion yuan。

In New Business Segment，Retail business has made significant progress。Meituan Preferred has covered more than 2,000 cities and counties across the country in the fourth quarter，Through continuous penetration into urban and rural consumer markets，Promote rural digital development，Provide urban and rural residents with more cost-effective products and more secure services，Narrowing the urban-rural consumption gap。Through digitalization，Meituan Select helps local villagers obtain employment and entrepreneurial opportunities at their doorsteps，Increase farmers’ income，Promoting rural revitalization。Meituan flash sale on medicines、Order volume in categories such as flowers continues to maintain strong growth，Achieve peak daily orders 188bet Online Sports Betting and Casino of approximately 4.5 million，The vision of “everything at home” is further becoming a reality。Meituan buys vegetables by increasing its purchasing and marketing capabilities、Optimize supply chain management and outlet coverage，Promote steady growth in business scale。

“Facing the challenging market environment in 2020，We are pleased to have a healthy financial year，Benefiting from the continuous improvement of core capabilities，The main business has the potential for long-term healthy growth and optimized operations”，Meituan CFO Chen Shaohui said，"Facing the future，We will continue to explore new opportunities，Strong investment in the retail field，Oriented to long-term returns，Continue to promote the digital upgrade of China’s consumer market，Ultimately let the retail industry ecology benefit from it，Create value for society。”