FUNDING
Key Metrics
Company Snapshot
Meituan is a Consumer company, based in Beijing, China, founded 2010 by Wang Xing. Market cap $58.30B (As of Sep 5, 2026, companiesmarketcap.com).
Recent changes
- Sep 5, 2026Sep 5, 2026First reported market cap: $58.30B companiesmarketcap.com
- Jun 30, 2026Jun 30, 2026Meituan Open-Sources LongCat-2.0, a 1.6T Agentic Coding Model Trained Entirely on Chinese Chips Pulse story
- Jun 30, 2026Jun 30, 2026Meituan Open-Sources LongCat-2.0, a 1.6T Near-Frontier Model Trained Entirely on Chinese Chips Pulse story
- Dec 2025Dec 2025First reported revenue: RMB 364.9B (~US$53.82B), FY2025 PitchBook
Investors
Latest Pulse
- Jul 6, 2026Smart Glasses Maker Even Realities Hits $1B ValuationShenzhen-based Even Realities raised $150 million led by Meituan and Tencent at a $1 billion valuation, becoming the first camera-free smart-glasses maker to sell more than 10,000 pairs.→
- Jul 6, 2026Smart Glasses Maker Even Realities Hits $1B ValuationEven Realities raised $150 million led by Meituan and Tencent at a $1 billion valuation, with staff growing 10x and average order values near $1,000, showing consumer AI hardware finding durable revenue outside the smartphone.→
- Jul 6, 2026Smart Glasses Maker Even Realities Hits $1B ValuationShenzhen-based Even Realities raised $150 million led by Meituan and returning investor Tencent, pushing its valuation to $1 billion after becoming the first company in its category to sell more than 10,000 smart-glasses units.→
- Jun 30, 2026Meituan Open-Sources LongCat-2.0, a 1.6T Near-Frontier Model Trained Entirely on Chinese ChipsMeituan open-sourced LongCat-2.0, a 1.6-trillion-parameter agentic coding model trained entirely on Chinese-made chips, marking a significant milestone in China's push toward AI self-sufficiency amid continued export restrictions on advanced Western AI hardware. The release positions LongCat-2.0 as near-frontier in capability while proving domestic chip infrastructure can now train models at genuinely large scale.→
- Jun 30, 2026Meituan Open-Sources LongCat-2.0, a 1.6T Agentic Coding Model Trained Entirely on Chinese ChipsMeituan open-sourced LongCat-2.0, a 1.6-trillion-parameter mixture-of-experts coding model with a one-million-token context window, releasing it under the permissive MIT license on GitHub and Hugging Face. The release unmasked 'Owl Alpha,' the anonymous stealth model that had quietly topped global developer charts on OpenRouter for two months -- and revealed that the entire system was trained and served on a 50,000-card domestic compute cluster with no Nvidia or AMD accelerators. It is the clearest evidence yet that China can build a near-frontier AI stack end to end despite US export controls.→
Coverage Timeline
newest first- Jul 6, 2026FUNDINGSmart Glasses Maker Even Realities Hits $1B Valuation$150M at $1B valuation→
- Jun 30, 2026AIMeituan Open-Sources LongCat-2.0, a 1.6T Near-Frontier Model Trained Entirely on Chinese Chips1.6T parameters→
- Jun 30, 2026AIMeituan Open-Sources LongCat-2.0, a 1.6T Agentic Coding Model Trained Entirely on Chinese Chips1.6T parameters→
All Coverage
FUNDING$150M at $1B valuation
Smart Glasses Maker Even Realities Hits $1B Valuation
Shenzhen-based Even Realities raised $150 million led by Meituan and Tencent at a $1 billion valuation, becoming the first camera-free smart-glasses maker to sell more than 10,000 pairs.
AI
Meituan Open-Sources LongCat-2.0, a 1.6T Near-Frontier Model Trained Entirely on Chinese Chips
AI1.6T parameters
Meituan Open-Sources LongCat-2.0, a 1.6T Near-Frontier Model Trained Entirely on Chinese Chips
Meituan open-sourced LongCat-2.0, a 1.6-trillion-parameter agentic coding model trained entirely on Chinese-made chips, marking a significant milestone in China's push toward AI self-sufficiency amid continued export restrictions on advanced Western AI hardware. The release positions LongCat-2.0 as near-frontier in capability while proving domestic chip infrastructure can now train models at genuinely large scale.
AI
Meituan Open-Sources LongCat-2.0, a 1.6T Agentic Coding Model Trained Entirely on Chinese Chips
AI1.6T parameters
Meituan Open-Sources LongCat-2.0, a 1.6T Agentic Coding Model Trained Entirely on Chinese Chips
Meituan open-sourced LongCat-2.0, a 1.6-trillion-parameter mixture-of-experts coding model with a one-million-token context window, releasing it under the permissive MIT license on GitHub and Hugging Face. The release unmasked 'Owl Alpha,' the anonymous stealth model that had quietly topped global developer charts on OpenRouter for two months -- and revealed that the entire system was trained and served on a 50,000-card domestic compute cluster with no Nvidia or AMD accelerators. It is the clearest evidence yet that China can build a near-frontier AI stack end to end despite US export controls.
Value Add Research
Related Companies
Same sector
Sources & methodologyshow
Where these figures come from
- companiesmarketcap.comresearch database1 fact
- PitchBookresearch database1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.