---
title: "Understanding the Market | MEITUAN rises over 4%, with retail, overseas, and AI as three new growth drivers bringing valuation re-rating potential"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293877214.md"
description: "Meituan-W's stock price rose over 4%, mainly driven by the launch of the all-scenario AI Agent platform CatPaw and the release of the self-developed large model LongCat-2.0. Cathay Securities pointed out that the three growth drivers of instant retail, overseas business, and AI automated fulfillment open up valuation space, promoting the company's transformation from a trading platform to a service industry technology operator"
datetime: "2026-07-27T03:58:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293877214.md)
  - [en](https://longbridge.com/en/news/293877214.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293877214.md)
---

# Understanding the Market | MEITUAN rises over 4%, with retail, overseas, and AI as three new growth drivers bringing valuation re-rating potential

According to Zhitong Finance APP, Meituan-W (03690) rose over 4%, with a current increase of 4.21%, priced at HKD 90.35, and a transaction volume of HKD 3.764 billion.

In terms of news, today, Meituan's full-scenario AI Agent platform—CatPaw—officially launched. CatPaw provides an out-of-the-box full-scenario AI smart workstation and enterprise-level Agent development and hosting capabilities. Currently, CatPaw has been widely implemented within Meituan: covering a total of 90,000 employees, building 30,000 Agents, and completing validation in multiple real business scenarios. Previously, Meituan released and open-sourced its self-developed trillion-parameter large model LongCat-2.0, which is the first trillion-level MoE large model in China to complete full training and inference relying on 50,000 domestic computing power cards.

CITIC Securities believes that three incremental businesses—instant retail, overseas KeeTa, and AI automated fulfillment—open up medium to long-term valuation imagination space; instant retail reuses the delivery network, with lightning warehouses complementing the product supply chain, maintaining high growth rates; the Hong Kong and overseas markets validate the profit model, with steady market expansion in the Middle East and Brazil, creating a second growth curve; self-developed large models, unmanned delivery, and embodied robots are driving the company's transformation from a trading platform to a service technology operator

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