Meituan CEO says AI will upgrade the company, releases trillion-parameter model LongCat-2.0

Meituan CEO Wang Xing said at the company's Q2 earnings call that AI is a comprehensive upgrade for Meituan's organization, products, and workflows. He emphasized that the long-term value of AI lies in entering real workflows, solving real problems, and building stable infrastructure. Domestic training and inference capabilities give Meituan advantages in long-term costs and infrastructure control. Wang Xing made clear that Meituan will not become a 'token factory'; its models and AI products will support its core business and improve user and merchant experiences. In late June, Meituan released LongCat-2.0, a new trillion-parameter model claimed to be the first to complete full training and inference on a 50,000-card domestic computing cluster, with 1.6T total parameters and native support for 1M context.