Group 1 - The competition in the platform fulfillment model has shifted from ground to "air," with Meituan launching its first regular drone delivery route in Hong Kong, focusing on a "cross-sea + park" scenario [1][2] - JD Logistics has also announced four regular drone flight routes in Chongqing, primarily for delivering small, urgent, and high-value packages [1][2] - Drone delivery efficiency has improved significantly, with Meituan reporting nearly a 7-fold increase in efficiency compared to traditional delivery methods [1][2] Group 2 - As of March 2025, Meituan has opened 55 drone routes in cities including Shenzhen, Beijing, Shanghai, Guangzhou, and Nanjing, completing over 520,000 orders [2] - JD Logistics claims that its drone routes can deliver packages in under 10 minutes, reducing overall transportation time by nearly 70% [2] - The variety of products that can be delivered by drones has expanded to over 90,000 types, including food, beauty products, and fast-moving consumer goods, with milk tea being the most popular item [2] Group 3 - Major companies are investing heavily in research and development to seek new growth opportunities in the low-altitude economy and general aviation sectors [3] - JD Logistics is applying advanced technologies such as AI, big data, and operations research across its supply chain to enhance efficiency [3] - Meituan reported a 15% year-on-year increase in R&D investment, totaling 5.8 billion yuan in the first quarter, and achieved a revenue of 86.6 billion yuan, reflecting an 18% year-on-year growth [3]