Meituan AI Agent Xiaomei to Partner with Tencent Yuanbao; 2025 R&D Spend Up 23.5%

On June 1, 2026, at the first-quarter 2026 earnings call, Meituan founder Wang Xing announced that Meituan's AI agent, Xiaomei, will cooperate with Tencent Yuanbao. After the partnership goes live, users can make requests in Yuanbao, and Xiaomei will invoke Meituan's food delivery and local life services. Wang Xing also stated that in the future, Meituan will not only serve consumers and merchants but also AI agents.

In 2025, Meituan's research and development spending reached 259.98 billion RMB, up 23.5% year-on-year. In the first quarter of 2026, R&D spending was 70 billion RMB, up 22% year-on-year. R&D investment covers areas such as AI, drones, unmanned vehicles, and real-time logistics dispatching technology. Based on its self-developed LongCat large model foundation, Meituan has successively launched consumer-facing AI assistants Xiaomei and Xiaotuan, as well as merchant-facing Smart Manager and AI Digital Employees. According to open-source information released by Meituan on July 6, 2026, the latest LongCat-2.0 has a total parameter size of 1.6 trillion, with approximately 480 billion parameters activated per token on average. The entire model training and inference pipeline is built on domestic computing clusters.

As of the third quarter of 2025, Meituan's platform had over 800 million transacting users in the past 12 months, and its core local commerce business remained large in scale. According to Meituan's 2025 annual report, its online marketing services revenue grew from approximately 49.2 billion RMB in 2024 to approximately 51.9 billion RMB. Meituan disclosed that Xiaotuan has verified merchant information nationwide 700 million times, calibrated against 1.3 billion real user reviews. The Smart Manager has served over 700,000 merchants, and Digital Employees cover more than 300,000 merchants.