Meituan CEO Wang Xing: Not Blindly Becoming a 'Token Factory', AI is Strategic Opportunity for Local Life

In the AI industry race, Meituan has its own pace. CEO Wang Xing said that the only reasonable strategy in the AI revolution is offense, but it will not blindly pursue becoming a 'Token factory'—instead, it views AI as a strategic opportunity.

Meituan has invested heavily in AI capital and talent since early 2023, stating that except for cloud computing companies, its AI investment scale is leading in China and has been laid out for over three years. Currently, it is developing its own base large model LongCat and collaborating with top third-party models to accurately understand the real physical world.

Wang Xing believes that the AI 'super entrance' needs to accurately understand needs and execute efficiently, far beyond chatbots. Meituan hopes to use the new generation of AI technology to make its APP the preferred platform for local life needs, strengthen search and execution capabilities, and upgrade to a leading AI-driven application.