Meituan Dianping's mission is "We Help People Eat Better, Live Better". In 2017, our platform generated over 5.8 billion transactions, totaling RMB 357 billion in Gross Transaction Volume. During the same year, we served 310 million Transacting Users and 4.4 million Active Merchants in over 2,800 cities and counties across China. We are China's leading e-commerce platform for services. Our platform uses technology to connect consumers and merchants. Service offerings on our platform address people's daily needs for food, and extend further to broad lifestyle services. Our in-store, hotel and travel services bring online consumers to offline merchants, and our on-demand delivery services bring merchants' offering to consumers. These connections are made possible by our massive on-demand delivery network as well as various transportation services.
Wang Xing (王興), aged 39, is a Co-founder, an executive Director, the Chief Executive Officer and Chairman of the Board. Wang Xing is responsible for the overall strategic planning, business direction and management of our Company. He oversees the senior management team. Wang Xing founded meituan.com in 2010 and currently holds directorship in various subsidiaries, Consolidated Affiliated Entities and operating entities of our Company. Wang Xing has over 10 years of managerial and operational experience in the internet industry. Prior to co-founding our Company, he co-founded xiaonei.com (校內網), China’s first college social network website in December 2005 and worked there as chief executive officer from December 2005 to April 2007. xiaonei.com (校內網) was sold to China InterActive Corp in October 2006 which was later renamed as Renren Inc. (NYSE Ticker: RENN). Wang Xing also co-founded fanfou.com (飯否網), a social media company specializing in microblogging, in May 2007 and was responsible for the management and operation of this company from May 2007 to July 2009. Wang Xing received his bachelor’s degree in electronic engineering from Tsinghua University in July 2001 and his master’s degree in computer engineering from University of Delaware in January 2005.