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MEITUAN-W Goals of Building 100,000 Lightning Warehouses and Achieving GMV of RMB200B May Be Completed Ahead of Schedule
2026-09-22 12:43:58 At the 2026 Meituan Instant Retail Industry Conference, Wang Puzhong, CEO of Core Local Commerce at MEITUAN-W (03690.HK), said the company's outlook targets proposed in 2021 of "reaching RMB1 trillion in instant retail market scale within five years and exceeding 500 million transaction users" were achieved ahead of schedule. Wang added that Meituan proposed in 2024 to promote the construction of 100,000 lightning warehouses by 2027 and achieve GMV of RMB200 billion. Based on the data currently available, he envisioned the relevant targets will definitely be completed ahead of schedule. Regarding the growth flywheel of the instant retail industry, Wang simplified it into three key elements: user demand, infrastructure development and merchandise supply. As demand becomes more frequent and larger in scale, while circulation networks and infrastructure continue to mature, the room for merchandise innovation will continue to expand. ~ AASTOCKS Financial News Website: www.aastocks.com | |