Meituan - TechWire

Meituan

2025.05.02

11:44

Meituan: On the first day of the May Day holiday, dine-in orders for restaurants increased by 73%

On the first day of the May Day holiday, the hot travel market drove catering consumption to a peak. According to the latest data released by Meituan, on the first day of the holiday, hundreds of tables were lined up online in restaurants in popular business districts in Beijing, Shanghai and Guangzhou, and tea shops were waiting for more than a dozen cups. As of around 1 p.m., the number of online orders for dining in restaurants on the platform reached an instantaneous peak of the day, an increase of 73% year-on-year, with the most demand for snacks, fast food and drinks.

2025.04.30

22:40

12 TCM clinics in Leiyun, Suzhou have joined Meituan to create a one-stop TCM health service online and offline

The reporter learned from Meituan on April 30 that Lei Yunshang and Meituan Medical Health recently announced an upgrade in their cooperation. Suzhou Lei Yunshang Chinese Medicine Clinic will be fully settled in Meituan, and the two parties will gradually open up the "online registration, offline initial diagnosis, online follow-up, online prescription, home delivery, in-store physical therapy" service model to achieve a one-stop closed loop of offline famous Chinese medicine diagnosis and treatment and prescription and home delivery services.

22:26

Meituan waives riders’ takeaway locker usage fees

Meituan officially announced on April 30 that starting from 0:00 on May 1, 2025, the platform will provide delivery rights for Meituan riders, which can be automatically redeemed to pay for the entry fee of the takeaway cabinet. When Meituan riders deliver to the cabinet, the system will automatically redeem the entry rights for the riders without paying any additional fees. The rights cover all Meituan takeaway cabinet locations, and are delivery services provided by Meituan’s dedicated riders and Meituan crowdsourcing riders to Meituan users.

17:45

Southbound funds net bought more than HK$5.6 billion today, with Hang Seng Fund leading the way in net buying

Southbound funds net bought HK$5.637 billion today. Among them, Tracker Fund Management and Meituan-W received net purchases of approximately HK$1.58 billion and HK$554 million respectively; ICBC was net sold approximately HK$358 million.

13:39

Meituan: The average daily order volume of instant retail in Beijing exceeds 1 million

The average daily order volume of Meituan's non-meal instant retail (Meituan Flash Purchase, Xiaoxiang Supermarket) in Beijing has steadily exceeded 1 million orders. A previous set of public data showed that last year, Meituan's flash purchase of alcohol, water, snacks, dairy products and other fast-moving consumer goods exceeded the entire site of many e-commerce platforms, and Meituan's non-meal instant retail daily order volume exceeded 18 million orders. Based on the rapid increase in user stickiness and shopping frequency, Meituan officially launched the "Meituan Flash Purchase" brand on April 15.

10:46

Goldman Sachs: Give JD.com and Meituan a "buy" rating. The target price has significant upside potential after the competition landscape stabilizes.

Goldman Sachs published a research report stating that less than two months after JD.com launched its food delivery business, the growth rate of its food delivery orders exceeded expectations and has reached one-sixth of its peer Meituan's daily order volume. Goldman Sachs believes that JD.com's risk-return ratio is attractive, maintains its "buy" rating, and lists it on the convinced buy list. Goldman Sachs also gave Meituan a "buy" rating, believing that the valuation has an upward trend. Once the competitive landscape tends to stabilize, the target prices of both companies will have significant upside potential.

09:45

Meituan's (03690.HK) early trading gains narrowed from 1.74% to 1%, JD.com's (09618.HK) losses widened to nearly 1%, and rival Ele.me announced a subsidy of over 10 billion yuan to join the food delivery war.

2025.04.29

17:34

Southbound funds sold a net of HK$6.424 billion, with Hang Seng Fund leading the way in net sales

Southbound funds sold a net of HK$6.424 billion today. In terms of Hong Kong Stock Connect (Shanghai), Tracker Fund Management and Tencent Holdings sold a net of HK$2.619 billion and HK$488 million respectively; Meituan-W had the largest net purchase amount of HK$688 million; in terms of Hong Kong Stock Connect (Shenzhen), Hang Seng China Enterprises and Tracker Fund Management sold a net of HK$1.252 billion and HK$1.07 billion respectively; Meituan-W had the largest net purchase amount of HK$565 million.

17:33

Southbound funds sold a large amount of 6.424 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tracker Fund Management and Tencent Holdings sold a net amount of HK$2.619 billion and HK$488 million respectively; Meituan-W had the largest net purchase amount of HK$688 million; in terms of Hong Kong Stock Connect (Shenzhen), Hang Seng China Enterprises and Tracker Fund Management sold a net amount of HK$1.252 billion and HK$1.07 billion respectively; Meituan-W had the largest net purchase amount of HK$565 million.

13:20

HSBC Holdings: Lowered Meituan’s (03690.HK) target price from HK$195 to HK$165.

10:02

Hong Kong's star technology and internet stocks collectively strengthened, with Alibaba Health (00241.HK) rising more than 5%, Meituan (03690.HK) and Bilibili (09626.HK) rising more than 3%, JD.com (09618.HK) and Ctrip Group-S (09961.HK) rising more than 2%.

07:18

Platform algorithms move from “black box” to transparent

From the allocation of rider capacity to hotel accommodation recommendations, from the dispatch of online-booked vehicles to the supply chain management of e-commerce platforms, algorithms have become the underlying tools of all major platforms and the "invisible helmsman" of China's Internet world. Since the beginning of this year, algorithms have changed their "mysterious technology" attributes and accelerated the process of transparency. According to a review by a Securities Times reporter, except for a few platforms, platforms such as Douyin, Meituan, and Xiaohongshu have opened up the "black box" of algorithms. In this process, some "counter-common sense" cognitive calculation methods have also emerged. The mainstream judgment is that platform algorithm governance is a compulsory course for Internet companies in 2025. But algorithm transparency has its two sides-it is an important tool for reshaping digital civilization, and it is also a challenge for some platform business models. Most respondents said that the "technology for good" of Internet algorithms is the core and key to the problem.

2025.04.28

21:12

Countdown to the May Day holiday, air tickets for off-peak travel before the holiday are reduced by 40%

As the May Day holiday approaches, the enthusiasm for travel continues to rise. In the last week, bookings for the May Day travel have entered the final stage. Meituan travel data shows that as of April 27, searches related to travel during the May Day holiday increased by 326% year-on-year. Data from Tuniu shows that in the week ending April 25, the number of May Day group bookings on the platform increased by more than 220% week-on-week. Among them, the number of hotel bookings increased by more than 120% week-on-week, and the number of air ticket bookings increased by more than 80% week-on-week. In terms of package travel product bookings, the popularity of one-day group tour products has increased particularly significantly, with the number of bookings in the week ending April 25 increasing by more than 3 times month-on-month. In addition, destination group tours and self-driving tours also maintained a high level of booking popularity, with the number of bookings increasing by more than 120% and 80% week-on-week respectively. A report from Fliggy shows that with one week left until the May Day holiday, booking data shows that the average per capita travel consumption for this year's May Day holiday has increased significantly year-on-year, and shows obvious long-term and in-depth characteristics.

2025.04.27

08:20

Meituan: "Because of using dual-opening or JD.com software, we have been permanently stopped from accepting orders" is a malicious Photoshop rumor

On April 27, Meituan issued a statement saying that after clarifying the rumor that "going to other platforms to run orders will be permanently banned by Meituan", there are still rumor pictures on social platforms that the rider app shows "the reason for permanent suspension of orders is: the use of dual-opening or JD software". After verification, the picture comes from the normal prompt page of the platform banning illegal order grabbing plug-ins, but some netizens with IP addresses in Guangdong maliciously photoshopped the picture, and a very small number of netizens spread it in WeChat groups. At present, the company has fixed evidence on the spread of rumors and will protect its own rights and interests through legal means. For the fake posing accounts and behind-the-scenes promoters who maliciously publish the above-mentioned false pictures and continue to spread rumors, the company will also increase the intensity of evidence fixation and crackdown.

2025.04.25

22:57

Meituan Wei Wei: Will release AI assistant to accelerate the list going overseas

On April 25, the 2025 Black Pearl Restaurant Guide Hong Kong, Macau, Taiwan and Overseas Regions Awards Ceremony was held at Sands Singapore. Wei Wei, Vice President of Meituan and General Manager of the In-store Catering Division, said that in the future, the platform will release AI Agents to serve local life of eating, drinking, playing and having fun, and connect global users and merchants through AI to provide consumers with personalized services such as cross-border itinerary planning and smart restaurant reservations. At the same time, with the deepening of platform globalization and the enthusiasm of catering companies to go overseas, the list products are also accelerating towards internationalization. At present, the services of Meituan and Dianping have covered merchants in more than 170 countries and nearly 1,000 cities overseas.

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