Meituan conference call transcript: Fully entering AI, optimistic about high profit margins in the Middle East market, pilot program for rider social security to start in the second quarter of this year

Meituan significantly enhances employee productivity through its self-developed large model "LaoMao," achieving 27% of new code generated by AI, a 44% reduction in workload for the BD team, and over 20% improvement in AI customer service efficiency. It plans to launch an AI assistant covering all services this year and expand into the robotics and autonomous driving fields. In terms of overseas business, Meituan's brand Keeta has launched delivery services in six major cities in Saudi Arabia. In markets like the Middle East, the average order value is much higher than in China, and users are more willing to pay for services, with delivery business profit margins also exceeding those in the domestic market