Meituan

Platforms are setting user and order records while investment banks issue warnings.

Both are doubling down on embodied AI, backing a growing slate of robotics startups.

A single Saturday saw Taobao Shangou, Meituan, and JD.com log a combined 200 million orders, testing subsidy strength, logistics, and supply chains in real time.

After cost cuts and subsidy rollbacks failed to yield profits, Meituan is scaling back Youxuan to focus on an offline retail initiative under Xiaoxiang Supermarket.

Facing pressure on multiple fronts, Meituan is working to defend its home turf while pushing ahead with global expansion.

While profits are up, Meituan is bracing for volatility as rivals ramp up discounting and regulators tighten oversight.

As growth slows, Meituan is counting on its unified membership program to deepen user engagement across its ecosystem.

Revenue rose 20% last quarter, but Meituan’s story now revolves around a business overhaul, a hard push overseas, and an “all in” commitment to AI.