Wang Xing: Meituan will not blindly pursue becoming a "Token factory," but instead views AI as a strategic opportunity.

BlockBeats News, March 26 — Regarding AI business, Meituan CEO Wang Xing stated that in the AI revolution, the only reasonable strategy is to attack rather than defend. However, Meituan will not blindly pursue becoming a “Token (word unit) factory,” but will regard AI as a strategic opportunity.

Since the beginning of 2023, Meituan has made large-scale investments in capital expenditure and AI talent. “Apart from companies with cloud computing businesses, Meituan’s investment in AI is likely the largest among domestic companies, and we have been committed to this layout for over three years.” Meituan continues to invest in its self-developed foundational large model LongCat, and is collaborating with top third-party large models in the industry, aiming to understand the real physical world as accurately as possible.

Wang Xing believes that the key to the AI “super gateway” lies in accurately understanding user needs and efficiently executing tasks, which is far more complex than a “chatbot.” “We hope to use a new generation of AI technology to make the Meituan app the first-choice platform for users to solve local life needs. We will strengthen AI search capabilities, enhance execution abilities, and strive to upgrade Meituan into a leading AI-driven application, becoming the future AI gateway for local life needs,” Wang Xing said. (The Paper)