Although it has earned its spot on a list of China’s tech titans, Meituan only recently joined those ranks. And 2019 is starting to look like the year the company managed to turn itself around.

In May, Meituan Dianping unseated search engine Baidu as China's third-largest listed internet company by market cap, behind only Alibaba and Tencent. China’s top three tech giants—Baidu, Alibaba, and Tencent—had long been referred to with the acronym “BAT.” With the market cap ranking reshuffle came a new acronym: “ATM,” short for Alibaba, Tencent, and Meituan.

Over the past year, the firm made strides in becoming the go-to platform for the search and discovery of lifestyle services. As of September, they were serving 422.6 million transacting users and connecting 5.9 million merchants.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.

Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.