TOPIC

/ company

Meituan

Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants.

Chairman / President

Wang Xing

CEO / Managing Director

Wang Xing

CFO / Finance Director

Chen Shaohui

Industry

E-commerce

Website

meituan.com

Headquarters address

No. 4 Wangjing East Road, Chaoyang District, Beijing, China

Stock Code

SEHK:3690

Year founded

2010

Meituan food delivery riders take a break in Chongqing, China, November 21, 2025. Photo: Getty Images

Mainland China

Meituan snaps losing streak with profitable June quarter as price wars cool

Revenue for the quarter rose 14.4 per cent year on year to 105 billion yuan, beating the consensus estimate of 101 billion yuan.

28 Aug 2026 - 8:41PM

Artificial intelligence

China’s internet army is quietly embedding AI into everyday lives

23 Aug 2026 - 7:00PMvideocam

Hong Kong transport

More ride-hailing firms target Hong Kong amid licensing roll-out, Mable Chan says

23 Aug 2026 - 4:10PM

IPO

China’s Mech-Mind Robotics set to take orders for US$300m IPO: sources

Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm.

21 Aug 2026 - 9:41AM

Visitors explore the Mech-Mind Robotics booth during Smart Factory & Automation World 2026 in Seoul, South Korea, on March 5. Photo: NurPhoto via Getty Images

E-commerce

JD.com’s second-quarter profit rises 15% as food-delivery losses narrow

Net revenue dips, but still beats analysts’ estimate, as e-commerce giant contends with weak demand and fierce competition.

13 Aug 2026 - 9:55PM

Semiconductors

What is delaying Chinese AI giants switching from Nvidia to local chips?

High transition costs are keeping AI developers in China reliant on Nvidia chips, industry sources say.

10 Aug 2026 - 2:13PM

Mainland China

China retail is ‘hardest’ market to crack due to online price wars, DFI CEO says

DFI plans to increase the number of mainland Chinese 7-Eleven outlets to 3,000 in ‘the next few years’, up from 2,000 now.

10 Aug 2026 - 3:18PM

A 7-Eleven convenience store in Lan Kwai Fong, Hong Kong. Photo: K. Y. Cheng

Artificial intelligence

China’s tech giants race to put AI on delivery riders’ heads

From safety features to hands-free voice tools, JD.com has become the latest platform to launch AI-integrated headwear.

3 Aug 2026 - 8:05PM

China’s private sector

China hits Trip.com with US$765 million antitrust penalty

The country’s biggest online travel services provider is accused of abusing its ‘dominant market position’.

25 Jul 2026 - 4:50PM

Hong Kong stock market

Hong Kong tech resilience tested as South Korea’s Kospi slides into bear market

Foreign investors have pulled US$110 billion from Seoul this year, rotating into undervalued Chinese giants as momentum seen slowing for expensive tech stocks.

17 Jul 2026 - 4:29PM

A woman is seen near an electronic signboard in the dealing room of Hana Bank in Seoul on Thursday. The Korea Composite Stock Price Index (Kospi) recently slid into a technical bear market. Photo: EPA

IPO

China’s CXMT valued at US$85 billion in record Shanghai IPO

Chinese DRAM maker is set to raise 57.9 billion yuan (US$8.5 billion), nearly twice the amount earmarked for its investment projects.

15 Jul 2026 - 12:28PM

China’s top maker of computer memory chips, CXMT, is eyeing a record IPO in Shanghai. Photo: Reuters

Hong Kong economy

Hong Kong proposes job-related injury compensation for gig delivery workers

Proposals will only cover those in food and goods delivery services, as these two sectors employ most gig workers, bureau says.

10 Jul 2026 - 11:37PMvideocam

Hong Kong stock market

Mainland investors buy more Hong Kong shares, favour SMIC, Zhipu AI

Onshore investors resoundingly reverse previous month’s outflow with US$3.5 billion in buying, led by AI-related shares.

3 Jul 2026 - 2:34PM

China’s private sector

Will share buy-backs help Chinese big tech companies rescue battered valuations?

Firms like Tencent and Alibaba are trying to boost investor confidence in the sector, whose stock prices have recently hit alarming lows.

2 Jul 2026 - 9:05AM

Chinese tech giants including Tencent, Alibaba, Meituan and Xiaomi have launched aggressive share buy-back plans to win back the confidence of investors in Hong Kong. Photo: Jelly Tse

Hong Kong stock market

Can Hong Kong absorb a US$100 billion share flood amid the global AI boom?

A surge in shares becoming eligible for trading comes as investors pour into AI-linked stocks in rival markets.

2 Jul 2026 - 8:30AMvideocam

Hong Kong Exchanges and Clearing in Exchange Square, Central, Hong Kong, on June 11. Photo: SCMP/Jelly Tse

Artificial intelligence

Meituan claims China’s biggest AI model trained on local chips

LongCat-2.0 boasts 1.6 trillion parameters and a million-token context window, on par with DeepSeek’s latest flagship model.

30 Jun 2026 - 2:59PM

Artificial intelligence

For China’s tech workers, AI ‘optimisation’ sounds like ‘unemployment’

China’s office workers are worrying whether their jobs can be done by artificial intelligence – and whether their companies will make the switch.

27 Jun 2026 - 11:06AMvideocam

Trending in China

Heroic Chinese delivery rider dies saving others; final wish was to buy dad a car

Jin’s heroism sparks online debates about whether it is ‘worth it’ to sacrifice one’s life to save others.

26 Jun 2026 - 6:00PM

A 20-year-old food delivery rider died while saving others. He will be remembered as a kind, devoted son who deeply cared for his family. Photo: Sina

Hong Kong stock market

Hang Seng Index briefly slips below 23,000 as Alibaba leads tech sell-off

Alibaba led Hong Kong tech stocks lower, pushing the Hang Seng briefly below 23,000 as AI and consumer worries hit sentiment.

25 Jun 2026 - 6:02PM

Hong Kong stock market

Hong Kong stocks rebound from choppy trading triggered by turmoil in US

Hang Seng Index bounces back after overnight plunge in Nasdaq-100 on concerns about frothy tech valuations.

24 Jun 2026 - 4:53PM

E-commerce

Dishing the dirt: official media alleges smear tactics in delivery battle

Chinese media investigation alleges Meituan paid merchants to expose rival practices while facing similar complaints itself.

22 Jun 2026 - 7:45PM

Meituan riders in Chengdu. The delivery giant has come under scrutiny following allegations it paid merchants to report alleged irregularities by a rival platform. Photo: Shutterstock

Food delivery apps

China proposes ban on ‘irrational’ food-delivery subsidies to end price wars

Regulators target predatory pricing and merchant coercion, with new rules requiring that tech giants disclose subsidy data and not disrupt the market.

17 Jun 2026 - 7:56PM

Food-delivery riders for Meituan sit on scooters while waiting for orders at a street intersection in Shenzhen, Guangdong province. Photo: Getty Images

Artificial intelligence

Can Chinese silicon replace Nvidia? Here are 5 AI models trained on local chips

A growing number of Chinese AI labs are experimenting with shifting earlier model training phases onto domestic chips.

17 Jun 2026 - 2:30PM

E-commerce

Alibaba and JD.com targeted in smear campaign ahead of shopping festival

Police in Sichuan say they dismantled the months-long operation ahead of the finale of the online retail ‘618’ festival.

15 Jun 2026 - 3:32PM

China consumption

China summons executives of Walmart-owned Sam’s Club over ‘food-safety issues’

Members-only supermarket chain urged to ‘strictly fulfil’ its corporate responsibilities.

15 Jun 2026 - 7:43PM

A Sam’s Club store in Shanghai. Photo: Shutterstock

Artificial intelligence

Huawei chips refine DeepSeek model in leap for China’s AI self-reliance

While Chinese chipmakers have found success in supporting AI inference, they are struggling with the far more complex process of training.

5 Jun 2026 - 8:00PM

The Huawei booth at the Beijing International Automotive Exhibition, April 25, 2026. Photo: EPA

Hong Kong stock market

Is Hong Kong losing its tech edge to the mainland’s AI boom?

Chinese investors are shifting from Hong Kong to mainland stocks, driven by AI opportunities and better returns.

5 Jun 2026 - 7:00AM

Ant Group

How Meituan’s US$1b bets on AI, robotics outshine quarterly loss

Investment windfall provides cushion as core-business margins face intense pressure from battle with Alibaba Group Holding and JD.com.

2 Jun 2026 - 9:00PM

Help preserve 120 years of quality journalism.

SUPPORT NOW