Mei Ri Jing Ji Xin Wen·2025-12-20 06:04Core Insights - Meituan's drone business has made significant progress, launching multiple products and operating 65 routes in cities including Shenzhen, Shanghai, Beijing, Hong Kong, and Dubai, completing 740,000 commercial orders to date [1][5][9] Group 1: Company Developments - Meituan has introduced new drone products, including a low-altitude air network and smart docking airports, enhancing its logistics capabilities [1][3] - The fourth-generation M4L long-range drone has a payload capacity of 4.5 kg and a range of 20 km, designed to improve delivery efficiency and resource utilization [4][5] - The company has seen a rapid increase in commercial orders, with a growth of 70,000 orders in less than three months, indicating a daily average increase of approximately 800 orders [5][6] Group 2: Industry Trends - The low-altitude economy is gaining traction, supported by government policies aimed at promoting smart logistics and drone delivery systems [7][9] - Major competitors like JD Logistics and SF Express are also investing heavily in drone technology, indicating a competitive landscape in the instant retail and delivery market [8][9] - The market for low-altitude economy is projected to reach 1.5 trillion yuan by 2025, with a compound annual growth rate (CAGR) of 33.8% from 2023 to 2025 [8][9]