Zheng Quan Shi Bao·2025-08-27 17:41Core Insights - Meituan reported a revenue of 91.8 billion yuan for Q2 2025, marking an 11.7% year-on-year growth [1] - The Meituan app surpassed 500 million monthly active users, with annual transaction frequency reaching a historical high [1] - The company aims to open over 10,000 satellite stores by the end of the year, having already partnered with over 800 leading restaurant brands [1][3] Revenue and Business Segments - The core local commerce segment generated 65.3 billion yuan in revenue, reflecting a 7.7% year-on-year increase [1] - The new business segment achieved a revenue of 26.5 billion yuan, up 22.8% year-on-year, with losses narrowing to 1.9 billion yuan [2] - The in-store business saw order volume increase by over 40% year-on-year, with active merchant numbers reaching a new high [2] Market Position and Competition - Meituan solidified its market leadership in the instant delivery sector, with an average delivery time of 34 minutes for all orders in July [1] - The company is expanding its reach in international markets, with Keeta's order volume and GTV showing strong growth, particularly in Hong Kong and the Middle East [2] Support for Riders and Merchants - As of July 1, Meituan has fully covered all riders in 17 provinces with work injury insurance, with plans to extend pension insurance subsidies nationwide by year-end [2] - The company has implemented measures to support merchants, including cash subsidies and innovative business models, benefiting over 300,000 restaurant merchants [3]