--- title: "Understanding the Market | MEITUAN rises over 6% again, with a cumulative increase of over 20% this month. Citigroup points out that LongCat-2.0 open source is beneficial for competitive moats" type: "News" locale: "en" url: "https://longbridge.com/en/news/292704935.md" description: "Meituan-W rose over 6% again, with a cumulative increase of over 20% this month. As of the time of writing, it rose 6.19% to HKD 84.1, with a transaction volume of HKD 3.354 billion. In terms of news, on July 6, Meituan announced the official open-sourcing of all model weights, inference engines, and core technical documents for LongCat-2.0. This model is the first in the industry to complete full-process training and inference on a 50,000-card domestic computing cluster, with a total of 1.6 trillion parameters and a pre-training data scale exceeding 30 trillion tokens, natively supporting 1 million ultra-long contexts. Citigroup published a research report stating that Meituan's open-sourcing of LongCat-2.0 is expected to further consolidate its leadership position in the local life services market. The advanced Agentic architecture of the model will enhance internal R&D efficiency and attract external developers. The report indicated that by leveraging its vast and proprietary offline transaction and operational data, Meituan can provide unique AI-driven marketing and business insights for small and medium-sized enterprises. The bank believes this will create a competitive moat, distinguishing it from other large language model providers and deepening relationships with merchants and consumers" datetime: "2026-07-15T03:25:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292704935.md) - [en](https://longbridge.com/en/news/292704935.md) - [zh-HK](https://longbridge.com/zh-HK/news/292704935.md) generator: "portal-rs" --- # Understanding the Market | MEITUAN rises over 6% again, with a cumulative increase of over 20% this month. Citigroup points out that LongCat-2.0 open source is beneficial for competitive moats According to Zhitong Finance APP, Meituan-W (03690) has risen over 6% again, with a cumulative increase of over 20% this month. As of the time of writing, it is up 6.19%, priced at HKD 84.1, with a transaction volume of HKD 3.354 billion. In terms of news, on July 6, Meituan announced the official open-sourcing of all model weights, inference engines, and core technical documents for LongCat-2.0. This model is the first in the industry to complete full-process training and inference on a domestic computing cluster with 50,000 cards, featuring a trillion-parameter large model with a total of 1.6T parameters and a pre-training data scale exceeding 30T tokens, natively supporting 1M ultra-long context. Citigroup published a research report stating that Meituan's open-sourcing of LongCat-2.0 is expected to further consolidate its leadership position in the local life services market. The advanced Agentic architecture of this model will enhance internal R&D efficiency and attract external developers. The report indicates that by leveraging its vast and proprietary offline transaction and operational data, Meituan can provide unique AI-driven marketing and business insights for small and medium-sized enterprise merchants. The bank believes this will create a competitive moat, distinguishing it from other large language model providers and deepening relationships with merchants and consumers ### Related Stocks - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [MEITUAN-W Kicks off 2027 Campus Recruitment Incl. HK, Adds 10+ AI-Native Positions](https://longbridge.com/en/news/296190753.md) - [DDL: Net income jumped 153.5% on 8.6% revenue growth, with China divestiture pending](https://longbridge.com/en/news/296471627.md) - [Z.AI Opens GLM-5.3 API Access; Model Weights to Be Open-Sourced Next Week](https://longbridge.com/en/news/296287311.md) - [23:43 ETScitiX Introduces Production-Ready Inference Platform, Bringing Enterprise-Grade Control to Multi-Model AI Deployments](https://longbridge.com/en/news/296052279.md) - [LENOVO GROUP Liu Jun: Computing Power Still in Short Supply; Global AI Infra Investment Remains Sustainable](https://longbridge.com/en/news/296191654.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**