Meituan

Meituan is China's largest lifestyle services platform, founded in 2010 by Wang Xing. It operates food delivery, hotel and travel bookings, in-store services, and instant retail, with over 770 million annual transacting users and 14.5 million active merchants as of late 2024. It holds approximately 70% of China's food delivery market.

Meituan entered the AI sector in 2023 by acquiring the AI startup Light Year for $281 million. It has since released its open-source LongCat LLM series, expanding across modalities: LongCat-Flash-Chat (conversational), LongCat-Video (15-minute long-form video generation), and LongCat-Image (a 6B-parameter image model emphasizing data quality over scale). The company has deployed Xiaomei, an AI agent powered by LongCat models, to assist customers with food delivery and hotel bookings across its core services.