Meituan continues to innovate on the supply side for its food delivery business, with new initiatives like Pinhaofan (affordable meals) and branded satellite stores helping to expand supply, enhance food safety, and improve user experience. These innovations are incentivizing consumer demand in more scenarios, lifting purchase frequency, and allowing branded merchants to expand at lower costs. The company is also focusing on improving efficiency and cultivating a sustainable ecosystem by streamlining promotional schemes, enhancing food safety management, and launching merchant support programs.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.