China (Meituan Dianping) = Connecting Consumers & Local Businesses… ~6MM Merchants + ~2x in Two Years Meituan Dianping Fulfillment Active Merchants, China ds6MM an us ho T ts n a h c r e M e v ti c A Traditionally, local merchants in China – mostly micro & small 3MM g n businesses – have very few marketing channels available to i p n them. We have become the go-to platform for a Di local search & consumer service discovery. n a tu i Based on our data analytics, we leveraged user search e queries to connect them with high-quality local merchants M who match their preference. We are able to help merchants reach a vast quantity of potential consumers with a low upfront cost & high conversion rates. Xing Wang – Co-Founder, Chairman & CEO, Meituan Dianping, 3/19 0 2015 2016 2017 2018 Source: Meituan Dianping Releases (2018-2019) Note: An active merchant is a merchant who has completed at least one transaction, purchased online marketing services, processed a payment through Meituan Dianping’s service, or generated an order through Meituan Dianping’s ERP system. Internet Trends 58 2019