On July 15, Meituan-W rose 3.03% in regular trading, trading at 81.75 HKD/share, with turnover of 1.818 billion HKD.

On the news front, Citi recently published a research note maintaining its Buy rating on Meituan with a target price of 113 HKD, stating that the open-sourcing of its trillion-parameter large language model LongCat-2.0 will further consolidate the company's leadership in the local life services market.

Citi highlighted that Meituan's advanced Agentic architecture will enhance internal R&D efficiency while attracting external developers. By leveraging its vast proprietary offline transaction and operational data, the company can offer SME merchants unique AI-driven marketing and business insights. Citi believes this forms a competitive moat differentiating Meituan from other large language model providers, deepened by its rider network proprietary data and accumulated dispatch algorithm experience. Meituan open-sourced LongCat-2.0 on July 6, featuring 1.6 trillion total parameters with approximately 48 billion active parameters on average, incorporating sparse attention and N-gram Embedding architecture to boost long-context processing efficiency.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)