Core Insights - Meituan is strategically positioning itself in the embodied intelligence sector through a combination of capital, technology, and real-world applications, aiming to seize early opportunities in this competitive landscape [1][6]. Group 1: Technological Advancements - Meituan's Vice President, Mao Yinian, highlighted significant breakthroughs in drone, autonomous vehicle, and humanoid robotic hand technologies, emphasizing the company's shift towards a "retail + technology" strategy [1][3]. - The company is actively developing a multi-layered service network centered on automation, including drone delivery and autonomous vehicle operations, to meet rising consumer demands for rapid delivery [3][4]. - Meituan's drone delivery service has surpassed 670,000 commercial orders as of September, exceeding the order volume of Google's Wing Aviation, while autonomous vehicle deliveries in Shenzhen have achieved over 5 million orders [5][6]. Group 2: Collaborative Research and Development - The Meituan Robotics Research Institute is collaborating with various universities, including Tsinghua University, to advance humanoid robotic hand research, with several projects already recognized at major international robotics conferences [5][6]. - A significant breakthrough in drone obstacle avoidance technology has been achieved, improving recognition rates by nearly 30 percentage points and reducing false detection rates to 0.68% [4]. Group 3: Investment Strategy - Meituan has been actively investing in the embodied intelligence sector, with notable investments in companies like Yishizhi Hang and Xinghai Tu, contributing to a comprehensive investment matrix that includes various robotics firms [6][7]. - The company is building an "alliance" in the embodied intelligence space, with a focus on providing both industrial support and financial backing to its portfolio companies [6][7]. - Analysts suggest that Meituan's investments in advanced technology sectors not only complement its existing business but also tap into the vast potential of these emerging markets [7].

Core Insights - The "China Express" booth at the 2025 Service Trade Fair showcased advanced logistics technologies, including drones and unmanned vehicles, highlighting the industry's shift towards automation and smart logistics solutions [1][3][5]. Group 1: Technology Showcase - Various logistics companies presented their innovations, such as unmanned delivery vehicles, intelligent sorting robots, and blockchain traceability platforms [1]. - The exhibition demonstrated a fully automated "warehouse-distribution" process through the collaboration of drones and Automated Guided Vehicles (AGVs) [1]. Group 2: Industry Future Exploration - The event not only showcased the latest technological breakthroughs in smart transportation and logistics but also explored the limitless possibilities for the future of the industry [1].