On July 28, MEITUAN-W rose 3.14% in regular trading, trading at 92.05 HKD/share, with turnover of 1.362 billion HKD.

The rally was driven by a cluster of AI product catalysts released over the weekend. On July 27, Meituan officially launched CatPaw, its full-scenario AI Agent platform offering enterprise-grade Agent development and hosting capabilities. CatPaw has already been deployed internally across 90,000 employees with over 30,000 Agents built, validated in catering, beauty services, and pet hospital scenarios. Simultaneously, the company upgraded its local life AI-native assistant Xiao Tuan, extending its capabilities from search and Q&A to agentic execution including ordering, ride-hailing, and restaurant reservations, covering over 2,800 cities with 1.3 billion user reviews indexed.

Additionally, Meituan denied rumors regarding the departure of its LongCat team foundation model lead, stabilizing market expectations for its AI R&D continuity. Decentralized AI infrastructure network DGrid AI also announced an official partnership to distribute the LongCat-2.0 model, a 1.6T-parameter architecture supporting one-million-token long-context inference.

(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.)