Core Insights - Meituan reported a revenue of 91.8 billion RMB for Q2 2025, marking an 11.7% year-on-year growth [1] - The core local commerce segment generated revenue of 65.3 billion RMB, reflecting a 7.7% increase compared to the previous year [1] - The Meituan app reached over 500 million monthly active users, with annual transaction frequency hitting a historical high [1] Revenue and Business Performance - The new business segment achieved revenue of 26.5 billion RMB, up 22.8% year-on-year, with losses narrowing to 1.9 billion RMB quarter-on-quarter [3] - The in-store business saw order volume increase by over 40% year-on-year, with the number of active merchants reaching a new high [3] Technological Advancements and Market Expansion - Meituan invested 6.3 billion RMB in R&D, a 17.2% increase year-on-year [3] - The company has established over 50,000 flash warehouses nationwide and expanded its drone delivery services across multiple cities, completing over 600,000 orders [3] - Meituan's international expansion includes significant growth in the Keeta platform, with strong order volume and GTV in Hong Kong and new service launches in Saudi Arabia and Qatar [3] Strategic Vision - CEO Wang Xing emphasized the commitment to enhancing consumer experiences and driving sustainable industry development through technological innovation and ecosystem building [3]