Digital EconomyMeituan is thriving in the digital economy, with increased online penetration supporting both food delivery and in-store business growth.
New Product CategoriesMeituan's food delivery model is expanding rapidly, with new product categories like late-night snacks and milk tea, driving transaction volume.
Revenue GrowthRevenue grew by 22% y/y to RMB93.6bn, 2% ahead of consensus, led by core local commerce and new initiatives revenue rising 20% and 29%, respectively.