Zheng Quan Shi Bao Wang·2025-08-27 09:19Core Insights - Meituan reported Q2 2025 revenue of 91.8 billion RMB, a year-on-year increase of 11.7%, reinforcing its market leadership [2] - The Meituan app surpassed 500 million monthly active users, with record-high annual transaction frequency [2] - CEO Wang Xing emphasized the commitment to enhancing consumer experience and investing in technological innovation for sustainable industry development [2] Local Business Performance - The core local business segment achieved revenue of 65.3 billion RMB, growing 7.7% year-on-year [2] - Meituan maintained its market leadership in the instant delivery sector, with peak daily order volume exceeding 150 million in July [2] - Average delivery time for full-service orders was 34 minutes, indicating improved user engagement [2] New Business Growth - New business segment revenue reached 26.5 billion RMB, a 22.8% year-on-year increase, with losses narrowing to 1.9 billion RMB [4] - Meituan's international expansion saw strong growth in Keeta's order volume and GTV, with significant market presence in Hong Kong and new services launched in Saudi Arabia and Qatar [4] Supply-Side Innovations - Meituan partnered with over 800 leading restaurant brands to open more than 5,500 satellite stores, aiming for over 10,000 by year-end [3] - The "flash purchase" service saw strong growth, expanding product categories beyond groceries to include electronics and beauty products [3] - The number of orders for in-store services grew over 40% year-on-year, with record transaction volume in travel services during the May holiday [3] Rider and Merchant Support Initiatives - Meituan implemented full coverage of work injury insurance for riders in 17 provinces, with plans for nationwide pension insurance subsidies by year-end [6] - The company established a 1.6 billion RMB summer rider support fund and expanded health care plans for riders and their families [6] - Meituan's initiatives to support merchants included cash subsidies and operational innovations, benefiting over 300,000 restaurant businesses [6] Food Safety and Technological Advancements - Meituan promoted the "Internet + Bright Kitchen" model, with 117,000 merchants participating, aiming for over 200,000 by 2025 [7] - The company invested 6.3 billion RMB in R&D, a 17.2% increase, and expanded drone delivery services across multiple cities [7] - CFO Chen Shaohui highlighted the resilience of the core local business and the growth potential of new ventures [7]