Meituan announced a 100 billion+ RMB subsidy program over the next 3 years to support merchants and boost consumption. Key initiatives include:
1. Supporting high-quality small and medium-sized merchants, community kitchens, and branded satellite stores
2. Elevating supply quality, with over 480 brands opening 3000+ satellite stores
3. Expanding to lower-tier markets and onboarding renowned chain brands
4. Providing funds for merchants to improve online operations, innovate products, and upgrade equipment
Additionally, Meituan launched a pilot pension insurance program for delivery riders in two cities, covering those meeting local social security contribution thresholds. The company plans to expand this program to more cities this year.
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.