Full text of Meituan's conference call: Fully entering AI, Bullish on the high profit margins in the Middle East market, pilot social security for riders to start in the second quarter of this year.

Meituan significantly enhanced employee productivity through the self-developed large model "Totoro", achieving 27% of new code generated by AI, a 44% reduction in the BD team's workload, and over a 20% increase in AI customer service efficiency. This year, plans are to launch an AI assistant covering all services and expand into the Siasun Robot&Automation and autonomous driving fields. In overseas Business, Meituan's brand Keeta operates delivery services in six major cities in Saudi Arabia; in the Middle East and other markets, the average Order value is much higher than in China, and users are more willing to pay for services, with delivery Business profit margins also exceeding those domestically.

wallstreetcnMar 21 20:42 ET

Meituan's Q4 revenue grew by 20% year-on-year, new business losses narrowed, and overseas market expansion accelerated | Earnings Reports insights.

Meituan's total revenue in Q4 increased by 20.1% year-on-year, with a net income of 6.22 billion yuan, representing a year-on-year increase of 180.7%, but a quarter-on-quarter decrease of 51.6%. New business losses further narrowed, and the company accelerated its exploration of overseas markets, expanding Keeta to all major cities in Saudi Arabia.

wallstreetcnMar 21 05:35 ET

Focusing on the high-quality development of the China debt market, the 2025 ICMA China Debt Capital Markets Annual Conference was held in Beijing.

On March 19, the 2025 ICMA China Debt Capital Markets Annual Conference, organized by the International Capital Markets Association (ICMA), was held in Beijing.

cls.cnMar 20 19:47 ET

State-owned banks are aggressively entering the market, will personal consumer loans become the new "king of competition"? Industry insiders say: the market space has not yet reached its peak.

In recent days, many major banks have successively announced relevant special plans and vigorously entered the Consumer loan market. Since the beginning of the year, the interest rates on bank Consumer loans have successively broken the "2.6" and "2.5" thresholds, with the lowest rate now dropping to around 2.4%. The state-owned large banks first squeezed not the space of local commercial banks, but rather various illegal and legal online lending and Internet loan platforms. However, banks still need to strengthen risk management to reduce subsequent non-performing loans.

cls.cnMar 20 02:24 ET

The LPR Quote for March is out: both the 5-year and 1-year rates remain unchanged.

The loan market Quote interest rate (LPR) for March has been announced: the LPR for more than 5 years is 3.6%, the same as last month at 3.6%. The 1-year LPR is 3.1%, the same as last month at 3.1%.

cls.cnMar 19 21:02 ET

Exclusive | After 2.58% comes 2.49%! Some Banks' consumer loan interest rates have reached new lows, breaking through the significant thresholds of "2.6" and "2.5".

① After applying limited-time coupons, some banks like the Bank Of Beijing and Bank Of Ningbo have lowered the interest rates on consumer loans to an annualized 2.5%, with the minimum rate being 2.49%. ② Recently, there has been a clear downward trend in personal consumer loan interest rates. Since the beginning of the year, the interest rates for personal consumer loans at major commercial banks have successively fallen below the thresholds of "2.6" and "2.5." ③ While widening income sources, industry insiders remind to pay attention to the balance between innovation and compliance.

cls.cnMar 18 10:54 ET