Sou Hu Cai Jing·2025-09-08 02:25Core Insights - Meituan's CEO Wang Xing disclosed that in Q3 2023, the average monthly income for high-frequency riders (those completing over 26 orders per month) ranged from 7,230 to 10,100 RMB [2] - The company served 770 million users and 14.5 million active merchants over the past year, with a peak daily order volume exceeding 150 million [2] Income and Earnings Structure - The income stability for riders has been enhanced through technological upgrades and rule optimizations, including a dynamic pricing mechanism that can increase rider earnings by 30% to 50% during peak times and adverse weather [3] - A tiered reward system provides additional subsidies and bonuses for high-frequency riders, with some experienced riders earning over 10,000 RMB per month [3] - Delivery fees account for approximately 75% of rider income, with the remainder coming from user tips, platform rewards, and activity subsidies [3] Financial Performance - Meituan's revenue for Q2 2025 reached 91.84 billion RMB, an 11.7% increase from 82.3 billion RMB in the same period of 2024 [4] - The operating profit for the core local business segment significantly declined to 3.7 billion RMB due to intense competition in the food delivery sector [4] Rider Welfare Initiatives - Meituan is enhancing rider welfare by launching pilot programs for occupational injury insurance in nine provinces, covering over 1.2 million riders, with plans for nationwide coverage by 2024 [5] - The company plans to invest 500 million RMB in 2024 to improve rider benefits, including health check-ups and education subsidies for riders' children [5] Industry Context - The disclosure of rider income data is seen as a significant move for the industry, promoting transparency and potentially driving companies to optimize management practices [6] - The number of food delivery riders in China surpassed 7 million in 2022, with the instant retail market expected to grow at a compound annual growth rate of over 20% [6]