Sou Hu Cai Jing·2025-08-28 13:09Core Viewpoint - Meituan reported a robust growth trajectory in its Q2 2025 earnings, with revenue reaching 91.8 billion RMB, a year-on-year increase of 11.7%, and a monthly active user base exceeding 500 million [2] Group 1: Financial Performance - In Q2, Meituan's core local commerce segment generated revenue of 65.3 billion RMB, reflecting a 7.7% year-on-year growth [2] - The new business segment achieved revenue of 26.5 billion RMB, marking a 22.8% year-on-year increase, while losses narrowed to 1.9 billion RMB [4] - The company reported a cash reserve of 171.1 billion RMB, providing a solid foundation for long-term investments [6] Group 2: User Engagement and Market Expansion - Meituan's app saw monthly active users surpassing 500 million, with peak daily orders in instant retail exceeding 150 million in July [2] - The company has established over 50,000 "flash warehouses" nationwide to support local small businesses in their digital transformation [4] - Meituan's international expansion is evident with Keeta's strong growth in order volume and market presence, particularly in Hong Kong and Qatar [4] Group 3: Business Innovations and Partnerships - Meituan has partnered with over 800 leading restaurant brands to open more than 5,500 brand satellite stores, aiming to exceed 10,000 by year-end [2] - The company is enhancing its rider support system, including full coverage of work injury insurance and expanding pension subsidies to over one million riders by year-end [5] - Meituan is implementing "Internet + Bright Kitchen" initiatives, with 117,000 merchants participating, aiming for over 200,000 by the end of 2025 [6] Group 4: Commitment to Sustainable Development - The company is focused on building a sustainable and responsible industry ecosystem, with initiatives to support merchants and riders [5] - Meituan's R&D investment reached 6.3 billion RMB, a 17.2% increase year-on-year, emphasizing its commitment to technological innovation [6] - The company aims to redefine future business models through ecological win-win practices, enhancing its competitive edge in the local service market [6]