Movement Alert｜Meituan-W Rises 3.03% in Regular Trading, Citi Maintains Buy Rating as AI Model Catalyst Continues

Market Focus07-15 10:52

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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