Xin Jing Bao·2025-08-27 15:26Core Insights - Meituan reported a revenue of 91.8 billion yuan for Q2 2025, marking an 11.7% year-on-year growth, with monthly active users surpassing 500 million [2] - The company aims to enhance value for partners through increased investment in technology and ecosystem development, amidst intensifying competition in the food delivery and instant retail sectors [2] Financial Performance - In Q2, Meituan's core local commerce segment generated revenue of 65.3 billion yuan, reflecting a 7.7% year-on-year increase [2] - New business segments achieved revenue of 26.5 billion yuan, up 22.8% year-on-year, with losses narrowing to 1.9 billion yuan [3] User Engagement and Growth - In July, Meituan's instant retail daily order volume peaked at over 150 million, with an average delivery time of 34 minutes, indicating increased user stickiness [2] - The number of active merchants reached a new high, with over 800 leading restaurant brands collaborating to open more than 5,500 satellite stores [2][3] Technological Advancements - Meituan has invested 6.3 billion yuan in R&D in the current quarter, a 17.2% increase year-on-year, to support the development of the retail sector [5] - The company has launched 64 drone delivery routes in major cities, completing over 600,000 orders [5] Safety and Support Initiatives - Meituan has implemented the "Internet + Bright Kitchen" model, with 117,000 merchants participating, aiming for over 200,000 by the end of 2025 [5] - The company has introduced various support measures for riders, including full coverage of work injury insurance and a special summer subsidy of 1.6 billion yuan [3]