Meituan, a leading Chinese group-buying service, generated RMB46 billion (around US$7.4 bn) in gross merchandise volume in 2014, a 180% year-on-year increase.

More than 90% of the total volume was from mobile devices, up from around 50% in the previous year.

The company claims its market share now exceeds 60%, up from around 50% in 2013. The number of cities Meituan covers has reached 1000. It claims to be the largest group-buying service in 778 cities.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com