Meituan CEO wang xing: AI models and products will support core business, not just token production

On August 28, 2026, Meituan CEO Wang Xing stated during the company's second-quarter earnings call that AI represents a comprehensive upgrade for the company's organization, products, and workflows. Wang emphasized that the long-term value of AI lies in its ability to integrate into real workflows, solve real problems, and establish stable infrastructure. He also highlighted the advantages of nationalized training and inference capabilities, which enhance cost efficiency and infrastructure control. Wang added that Meituan will not become a 'token factory,' and its AI models and products will support its core business, improving user and merchant experiences while boosting operational efficiency. Earlier this year, Meituan launched its new trillion-parameter model, LongCat-2.0, which is the first to complete full training and inference on a 50,000-card domestic chip cluster, with a total parameter count of 1.6T and support for 1M context length.