August 28，Meituan (stock code: 3690.HK) releases second quarter and half-year performance report for 2024。Second quarter of this year，Meituan achieved revenue of 82.3 billion yuan (RMB，The same below)，Maintain steady growth。

The current consumption patterns are increasing、Quick、OK、Provincial parallel transformation，Meituan has made significant progress in helping local retail entities to digitize。This quarter，Meituan’s annual number of active users and merchants hit a record high，The number of instant delivery orders reaches 6.2 billion。

Behind instant retail becoming a new consumer trend for the public，It would not be possible without the hard work of the riders and the support of all parties。Meituan is actively working with communities around the world、Local business、Business companies jointly explore convenient transportation solutions、Establish a rest stop，Further optimize 188bet Online Sports Betting and Casino the rider delivery environment、Rich rider care。As of mid-August，Meituan“Rider Friendly Community”More than 20 cities covered，And cooperated with tens of thousands of local stores“Rider-friendly business”。

“This quarter，The local business market further unleashes huge growth potential，The company’s various businesses have achieved healthy growth。”Meituan CEO Wang Xing said，“Meituan is a leading technology retail company，will continue to provide consumers with more quality and price-effective product choices、More efficient instant delivery service，We are also determined to digitize the majority of merchants、Intelligent little helper，Use technology to improve local business efficiency，Help everyone eat better，Better life。” 

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Second Quarter，Meituan’s core local business achieves steady growth，Quarterly revenue reaches 60.7 billion yuan。

Meituan continues to optimize platform supply，Two-wheel drive of online shelf model and innovative products，Better meet the quality-price ratio needs of users in different price ranges。The average annual transaction frequency of annual transaction users has achieved continuous growth for 15 quarters since mid-2020。
Open up food, drink and entertainment services“God Member”Start pilot this quarter，And completed full coverage of various consumption scenarios in July。As of early July，Participate“God Member”The number 188bet sports betting app download of merchants has reached 5 million。

This quarter，Meituan group buying expands to more high-quality and low-priced products and service categories。Spurred by numerous holiday consumption and marketing activities in the second quarter，Consumers’ opinions on“Meituan Group Buying，Many stores，Save a lot”’s brand mentality has been significantly strengthened。Among them，The GTV and order volume of leisure and entertainment products achieved double growth year-on-year。

Meituan flash sales continue to expand high-quality supply，This quarter and more FMCG、Clothing、Retail physical brands such as alcohol and beverages cooperate，On holidays、In different scenarios such as travel and camping activities，Meeting the immediate needs of more consumers。Meituan’s flash sales have once again achieved steady growth in the number of annual transaction users and average annual transaction frequency，Among them，Innovative model of alcohol retail“Crooked horse delivers wine”Realized strong GTV growth during the quarter。

Deep into the supply side, digitalization helps merchants improve efficiency

This quarter，To support the digital capability building of various retail entities，Meituan continues to improve merchant-side products and services。While meeting consumers’ demand for quality-price ratio，In turn, it has also improved business efficiency and scale benefits。

Meituan Takeaway“Brand Satellite Store”We welcome fellow chickens this quarter、188bet app download Joining Haidilao and other brands，Provide commission rebates for more merchants、Traffic support、Operation guidance and other services。As of the end of June，120 brands have opened more than 800 satellite stores nationwide。

Meituan Lightning Warehouse provides online operations、Pricing strategy、Measures such as traffic support and fulfillment services，Full link helps merchants improve quality and efficiency，Expanding to more regions this quarter。Meituan Pharmaceutical also released a new digital solution in August“HEALTH”Operation growth model，Aimed at helping pharmaceutical companies build brand influence，Help pharmacies improve service efficiency。Also，Meituan Pharmaceutical’s online medical insurance drug purchase service is now available in Beijing、Shanghai、Shenzhen、Guangzhou、Opened in Qingdao and other cities，Covering dozens of chain drugstore brands。

Benefiting from the arrival of the traditional peak consumption season，In-house hotel and travel business once again achieved steady growth，Order volume increased by more than 60% year-on-year，The number of annual transaction users increased by nearly 35% year-on-year，The number of active merchants in the year also reached a new high。

Second Quarter，Dianping releases 2024“Must Eat List”，Nearly half of the nearly 2,800 restaurants are city specialty restaurants，46% are local restaurants。Meituan follows users to discover more fireworks shops，At the same time, continue to accompany the business growth of the catering 188bet sports betting app download merchants on the list，Let“Small merchants also have a big stage”。

Meituan CFO Chen Shaohui said: “First half of this year，With‘Food, accommodation, travel, shopping and entertainment’The local business sector represented by 14855_14874，Meituan gives full play to its overall advantages in both supply and demand，Use more diverse supplies，More new needs met。Future，Meituan will continue to focus on‘Retail + Technology’Strategy，Promote the digital upgrade of the retail industry，Create value for the upstream and downstream industries。”