Zheng Quan Shi Bao·2025-08-27 11:49Core Insights - Meituan reported a revenue of 91.8 billion RMB for Q2 2025, reflecting a year-on-year growth of 11.7%, indicating a robust development trend [1] - The Meituan app surpassed 500 million monthly active users in Q2, with user transaction frequency reaching a historical high [1] - The CEO emphasized the commitment to enhancing technology innovation and ecosystem development to create more value for partners and promote sustainable industry growth [1] Local Business Performance - The core local business segment achieved a revenue of 65.3 billion RMB in Q2, a year-on-year increase of 7.7% [2] - Meituan maintained its market leadership in the instant delivery sector, with peak daily order volume exceeding 150 million in July [2] - The company plans to open over 10,000 satellite stores by the end of the year, having already partnered with over 800 leading restaurant brands [2] New Business Growth - New business segments generated 26.5 billion RMB in revenue, marking a year-on-year growth of 22.8%, with losses narrowing to 1.9 billion RMB [3] - Meituan's international expansion saw strong growth in the Keeta platform, with increased order volume and market presence in Hong Kong and the Middle East [3] Sustainable Development Initiatives - Meituan is committed to service quality and user experience, implementing measures to ensure a healthy industry ecosystem [4] - The company has begun full coverage of work injury insurance for riders in 17 provinces and cities, with plans to extend pension insurance subsidies nationwide by the end of the year [4] - A special fund of 1.6 billion RMB has been established for rider support during the summer [4] Merchant Support and Safety Measures - Meituan has implemented measures to support merchants, including cash subsidies and innovative business models, benefiting over 300,000 restaurant businesses [6] - The "Internet + Bright Kitchen" initiative has been launched, with over 117,000 merchants participating, aiming for 200,000 by the end of 2025 [6] - The company is investing in the construction of 1,200 "Raccoon Canteens" to enhance food delivery quality and traceability [6] Financial Health - As of June 30, 2025, Meituan held cash and cash equivalents of 101.7 billion RMB and short-term investments of 69.4 billion RMB [3] Company Philosophy - Meituan's CFO stated the company's commitment to a win-win philosophy, opposing internal competition, and expressing confidence in the long-term growth potential of all business segments [7]