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

Trip.com reported revenue of 62.4 billion yuan in 2025, up 17 per cent year on year. Photo: Shutterstock

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

17 Jul 2026 - 4:29PM

IPO

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

15 Jul 2026 - 12:28PM

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

A food delivery rider in Causeway Bay. Photo: Karma Lo

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

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

The city’s benchmark stock index briefly dipped below 23,000 as technology shares came under pressure. Photo: Jelly Tse

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

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

Chinese AI models have become increasingly competitive with their US peers, but the country’s AI hardware still lags significantly. Photo: Shutterstock Images

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

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

Artificial intelligence

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

2 Jun 2026 - 4:23PM

Tencent has repeatedly stressed its cautious approach to adding an agent to its super app. Photo: Reuters

E-commerce

Meituan reports third consecutive quarterly loss amid rivalry in food delivery

CEO Wang Xing says Keeta food delivery business achieved ‘meaningful efficiency gains’ in both Hong Kong and Saudi Arabia in the quarter.

1 Jun 2026 - 8:09PM

Meituan delivery riders wait for orders at an intersection in Shenzhen, March 24, 2026. Photo: Getty Images

Hong Kong society

Student recalls eye-opening trip with American peers that drew praise from Xi

CUHK undergraduate Liu Runjie describes how Chinese and US students reached common understanding during youth exchange trip.

31 May 2026 - 10:54PM

HKEX

HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rally

Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.

30 May 2026 - 5:34PM

Hong Kong stock market

Hang Seng Index review to boost market capitalisation by 4.5%: analysts

Tencent, BeOne Medicines, Baidu and NetEase may lure fund inflows between US$200 million and US$1 billion, due to index weighting changes.

25 May 2026 - 4:03PMvideocam

Hong Kong regional flag, Chinese flag and HKEX flag fly outside the Exchange Square in Central. Photo: Yik Yeung-man

Artificial intelligence

AI | China’s tech giants look to rewrite the e-commerce playbook with AI agents

The nation’s over 900 million e-commerce users are taking part in an experiment where rigid search terms are replaced by natural dialogue.

15 May 2026 - 8:00PM

Small shopping cart on a laptop keyboard signifies convenience in digital purchases. Photo: Shutterstock Images

Alibaba

Alibaba taps into China’s ‘chat to buy’ trend by connecting Qwen AI with Taobao

Move underscores strategy by China’s technology firms to revamp their flagship e-commerce platforms via an accelerating AI push

11 May 2026 - 4:08PM

China-Latin America relations

China pours US$6.1b into Brazil, making it Beijing’s top global investment

Chinese miners, carmakers and tech firms are fanned out across 20 states, putting a dent in Washington’s own push throughout the region.

8 May 2026 - 12:06AMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW

Meituan

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’.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

Meituan reports third consecutive quarterly loss amid rivalry in food delivery

CEO Wang Xing says Keeta food delivery business achieved ‘meaningful efficiency gains’ in both Hong Kong and Saudi Arabia in the quarter.

Student recalls eye-opening trip with American peers that drew praise from Xi

CUHK undergraduate Liu Runjie describes how Chinese and US students reached common understanding during youth exchange trip.

HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rally

Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.

Hang Seng Index review to boost market capitalisation by 4.5%: analysts

Tencent, BeOne Medicines, Baidu and NetEase may lure fund inflows between US$200 million and US$1 billion, due to index weighting changes.

.css-1f6sr3w{color:#727272;}AI | China’s tech giants look to rewrite the e-commerce playbook with AI agents

The nation’s over 900 million e-commerce users are taking part in an experiment where rigid search terms are replaced by natural dialogue.

Alibaba taps into China’s ‘chat to buy’ trend by connecting Qwen AI with Taobao

Move underscores strategy by China’s technology firms to revamp their flagship e-commerce platforms via an accelerating AI push

China pours US$6.1b into Brazil, making it Beijing’s top global investment

Chinese miners, carmakers and tech firms are fanned out across 20 states, putting a dent in Washington’s own push throughout the region.

AI | China’s tech giants look to rewrite the e-commerce playbook with AI agents