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

US-China tech war

In Focus | Will US cloud computing restrictions rain on China’s AI parade?

If Washington expands its tech blockade to include cloud networks, China’s AI sector will face its most severe choke point since the chip bans.

21 Sep 2026 - 10:03AM

Artificial intelligence

China is beating the US in consumer AI adoption, thanks to super apps: report

15 Sep 2026 - 7:00PM

Low-altitude economy

Big Macs from above: Meituan and McDonald’s launch drone delivery in Shanghai

14 Sep 2026 - 7:38PM

China consumption

End of the supermarket? Why China’s shoppers flock to small ‘community stores’

Young Chinese favour local grocery stores offering low prices and fast delivery, with some saying they haven’t been to a supermarket in years.

13 Sep 2026 - 4:00PM

A man shops at a supermarket in Beijing. Photo: EPA

Trending in China

Chinese food delivery platform sparks buzz after rider’s Singapore curry puff run

Founder of Hong Lim Curry Puff notes that this unique order showcases city state’s rich flavours to an international audience.

5 Sep 2026 - 9:00AM

Hong Kong stock market

Mainland Chinese investors buy Hong Kong AI stocks, sell financials

Net buying surges for third straight month as AI pivot benefits MiniMax, Alibaba and Tencent, while investors eschew traditional industries.

3 Sep 2026 - 3:31PMvideocam

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

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

Artificial intelligence

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

From RedNote to Meituan, digital platforms are bypassing third-party providers to build in-house AI models.

23 Aug 2026 - 7:00PMvideocam

Hong Kong transport

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

Transport chief says more than 7,500 people have applied for new combined taxi and ride-hailing vehicle written test.

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

The results underscore the impact of JD.com’s expansion into food delivery, logistics and international operations over the past year. Photo: Xinhua

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

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

Delivery couriers ride bikes in Beijing on July 10. Photo: Reuters

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

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

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

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.

16 Sep 2026 - 1:41PM

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

Meituan said the model was built entirely on “large-scale clusters of tens of thousands of AI ASIC superpods". Photo: Shutterstock Images

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

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

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Meituan

.css-1f6sr3w{color:#727272;}In Focus | Will US cloud computing restrictions rain on China’s AI parade?

If Washington expands its tech blockade to include cloud networks, China’s AI sector will face its most severe choke point since the chip bans.

China is beating the US in consumer AI adoption, thanks to super apps: report

Big Macs from above: Meituan and McDonald’s launch drone delivery in Shanghai

End of the supermarket? Why China’s shoppers flock to small ‘community stores’

Young Chinese favour local grocery stores offering low prices and fast delivery, with some saying they haven’t been to a supermarket in years.

Chinese food delivery platform sparks buzz after rider’s Singapore curry puff run

Founder of Hong Lim Curry Puff notes that this unique order showcases city state’s rich flavours to an international audience.

Mainland Chinese investors buy Hong Kong AI stocks, sell financials

Net buying surges for third straight month as AI pivot benefits MiniMax, Alibaba and Tencent, while investors eschew traditional industries.

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.

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

From RedNote to Meituan, digital platforms are bypassing third-party providers to build in-house AI models.

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

Transport chief says more than 7,500 people have applied for new combined taxi and ride-hailing vehicle written test.

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.

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.

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.

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.

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.

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

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

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.

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.

In Focus | Will US cloud computing restrictions rain on China’s AI parade?