Case Study Of Meituan Dianping Dual Ownership Structure

Along with economic and social development and technological progress,the effects of human capital and technological elements on enterprises have far exceeded the capital element.However,the same equity and rights regulations restrict the role of talents and technology in the company's operations,and in the process of capital entry,the shareholding of outstanding human intelligence is diluted,and the power of capital gradually encroaches on the company's control.The dual equity system can make excellent human resources have control of the enterprise and balance the game of control between human and capital of listed companies.However,the reason why the dual equity structure has not been widely used is because the dual equity structure still has its shortcomings,such as infringement of the rights of stakeholders,difficulty in monitoring management and so on.Because of this,the implementation and improvement of the dual equity structure in China's listed companies is a difficult process.Therefore,this article takes the listed company Meituan Review as an example,and mainly studies the dual-equity structure system that has been regarded by many companies such as the high-tech Internet in recent years.As a listed company,the application of dual ownership structure has a significant impact and risk on its corporate governance efficiency and corporate financial indicators.The study of Meituan Review can provide experience and lessons for the design of China's listed company's equity system in the future.This paper first uses the literature research method to sort out the previous literature's views on the rationality,corporate characteristics,and influence of the dual equity structure,elaborates the research background,research significance,and research goals of the dual equity structure,and applies the dual equity structure to listed companies in China.Pros and cons of the related theoretical analysis.Then use the comparison method to compare the same shares with the same rights and multiple equity structures,so as to highlight the characteristics of the multiple equity structure itself.Compare Alibaba's partner system,JD.com's super dual equity structure,and Meituan Comment's equity design..Finally,using the case analysis method,taking the Meituan Review as an example,the effects and risks of the dual equity structure are introduced.The enlightenment obtained from the Meituan Review dual equity structure and the application of dual equity structure to listed companies.The innovation of this article lies in the new form first.This article combines the emerging high-speed development of high-tech,e-commerce and other listed companies in recent years with a dual equity structure.Second,the case is new.The case of this article is novel.Among thousands of listed companies in China,the representative e-commerce company Meituan Review was selected as the case to illustrate.Finally,this article has a new perspective.From the perspective and theory of corporate finance,it discusses the effects and disadvantages of the dual equity structure on the development of listed companies,and provides examples of equity innovation design methods for Chinese listed companies.