Meituan FY2024: Revenue Up 22% to RMB337.6B, Users Exceed 770M

Live Track03-21

Meituan reported strong results for Q4 and FY2024:
1. Full-year revenue increased 22% YoY to RMB 337.6 billion
2. Annual transacting users exceeded 770 million
3. Annual merchants grew to 14.5 million
4. Average purchase frequency of users reached a new high
5. Peak daily order volume exceeded 98 million on the first day of Autumn Festival
6. Expanded into Saudi Arabia with Meituan's launch in Q4
7. Autonomous vehicle and robot deliveries reached 4.9 million and 1.45 million orders, respectively
8. Introduced new supply models like Pinghafen and branded satellite stores to enhance affordability and efficiency
9. Implemented RMB 1.4 billion occupational injury insurance for couriers in 7 provinces and cities since July 2022
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.

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