Xin Hua Cai Jing·2025-11-28 11:14Core Insights - Meituan reported its Q3 2025 earnings, achieving revenue of 95.5 billion yuan, a year-on-year growth of 2%. However, due to intensified industry competition, the core local business operating profit turned negative, resulting in a loss of 14.1 billion yuan. The number of transaction users exceeded 800 million in the past 12 months [2] Group 1: Financial Performance - In Q3, Meituan's revenue reached 95.5 billion yuan, reflecting a 2% year-on-year increase [2] - The core local business faced a loss of 14.1 billion yuan due to increased competition [2] - Daily active users (DAU) of the Meituan app grew by over 20% year-on-year, with monthly transaction users for food delivery reaching a historical high [2] Group 2: Strategic Initiatives - Meituan is focusing on enhancing service quality and promoting healthy industry development by increasing capital investment [2] - The company aims to maintain its competitive edge through its "retail + technology" strategy, continuously iterating products and services to better meet user needs [2] Group 3: New Business Developments - The grocery retail business showed strong growth, with Keeta expanding its global presence, launching operations in Qatar, Kuwait, UAE, and Brazil [3] - Meituan has introduced a nationwide rider pension insurance subsidy and is building "rider apartments" to provide housing support [3] Group 4: R&D and AI Advancements - Meituan's R&D investment reached 6.9 billion yuan, a 31% year-on-year increase [3] - Significant progress was made in AI research and applications, with the release of multiple open-source models and the development of AI tools for merchants [3]