--- title: "Understanding the Market | Meituan-W rises nearly 6% again, with embodied intelligence layout possibly entering a harvest period; AI narrative expected to drive valuation recovery" type: "News" locale: "en" url: "https://longbridge.com/en/news/293566194.md" description: "Meituan-W rose nearly 6% again, with a cumulative increase of nearly 30% this month. As of the time of writing, it rose 5.08%, trading at HKD 87.9, with a transaction volume of HKD 2.958 billion. In terms of news, recently, 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 power 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 stated that Meituan's open-sourcing of LongCat-2.0 is expected to further consolidate its leadership position in the local life service market. It is worth noting that Yushu Technology's Sci-Tech Innovation Board IPO registration has been effective since early July. According to a research report released by Puyin International, based on Yushu Technology's prospectus, Meituan is its largest external shareholder, holding a total of 9.65%. The report pointed out that Meituan has invested in more than ten companies in the field of embodied intelligence. With the humanoid robot sector entering a wave of IPOs, in addition to investment returns, the company can also leverage embodied intelligence to empower existing businesses and reduce long-term fulfillment costs. Furthermore, the implementation of this large model may drive the market to re-evaluate the company" datetime: "2026-07-23T06:07:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293566194.md) - [en](https://longbridge.com/en/news/293566194.md) - [zh-HK](https://longbridge.com/zh-HK/news/293566194.md) --- # Understanding the Market | Meituan-W rises nearly 6% again, with embodied intelligence layout possibly entering a harvest period; AI narrative expected to drive valuation recovery According to Zhitong Finance APP, Meituan-W (03690) has risen nearly 6% again, with a cumulative increase of nearly 30% this month. As of the time of publication, it is up 5.08%, priced at HKD 87.9, with a transaction volume of HKD 2.958 billion. In terms of news, recently, 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 power cluster, with a total of 1.6 trillion parameters and pre-training data scale exceeding 30 trillion tokens, natively supporting 1 million ultra-long contexts. Citigroup stated that Meituan's open-sourcing of LongCat-2.0 is expected to further consolidate its leadership position in the local life services market. It is worth noting that Yushu Technology's Sci-Tech Innovation Board IPO registration became effective in early July. According to a research report released by Puyin International, Meituan is its largest external shareholder, holding a total of 9.65%. The report pointed out that Meituan has invested in more than ten companies in the field of embodied intelligence. With the humanoid robot sector entering a wave of IPOs, in addition to investment returns, the company can also leverage embodied intelligence to empower existing businesses and reduce long-term fulfillment costs. Furthermore, the implementation of this large model may drive the market to re-evaluate the company ### 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 - [Key facts: Meituan HK$100M buyback of Class B; open-sources LongCat-2.0](https://longbridge.com/en/news/291346809.md) - [China's Meituan says new AI model trained on domestic chips](https://longbridge.com/en/news/291246926.md) - [08:08 ETMyDecisive Exits Stealth with $12M Funding to Redefine Enterprise IT Operations with Open-Source SmartHub Platform](https://longbridge.com/en/news/293339002.md) - [AI's new North Star: Intelligence per dollar](https://longbridge.com/en/news/293823098.md) - [OpenAI admits AI model hacked Hugging Face, Chinese open-source AI helped investigate](https://longbridge.com/en/news/293567789.md)