Zheng Quan Ri Bao Wang·2025-08-27 14:17Core Insights - Meituan reported Q2 2025 revenue of 91.8 billion yuan, a year-on-year increase of 11.7%, indicating stable growth [1] - The Meituan app's monthly active users surpassed 500 million, with annual transaction frequency reaching a historical high [1] - CEO Wang Xing emphasized the commitment to technological innovation and ecosystem development to create more value for partners and promote sustainable industry growth [1] Local Core Business - The core local business segment achieved revenue of 65.3 billion yuan, a year-on-year growth of 7.7% [1] - Meituan maintained its market leadership in the instant delivery sector, with peak daily order volume exceeding 150 million in July [1] - Average delivery time for all orders was 34 minutes, enhancing user engagement [1] New Business Developments - New business revenue reached 26.5 billion yuan, growing by 22.8% year-on-year [2] - Meituan partnered with over 800 leading restaurant brands to open more than 5,500 satellite stores, aiming for over 10,000 by year-end [2] - The "flash purchase" service saw strong growth, expanding consumer categories beyond groceries to include electronics and beauty products [2] Ecosystem Health Initiatives - Meituan implemented measures to enhance service quality and user experience, focusing on a sustainable industry ecosystem [3] - As of July 1, the company began full coverage of "work injury insurance" for riders in 17 provinces, with plans for nationwide coverage by year-end [3] - A special fund of 1.6 billion yuan was established for rider support during summer, alongside expanded health care benefits [3] Merchant Support and Safety - Meituan's initiatives to combat "involution" included cash subsidies and innovative business models, benefiting over 300,000 restaurant merchants [4] - The "Internet + Bright Kitchen" initiative has seen 117,000 merchants adopt live streaming for transparency, with a target of over 200,000 by 2025 [4] - R&D investment reached 6.3 billion yuan, a 17.2% increase, with drone delivery services operational in multiple cities [4]