Instant Retail
-
Meituan Q1 Revenue Hits $12.1B with 500M+ Quick Commerce Users, Gen Z Becomes Top Spending Group
Meituan reported strong Q1 2025 earnings, with total revenue reaching RMB 86.6 billion ($12.2 billion), driven by its ultra-fast delivery service Instashopping hitting 500 million users. Millennials (18-34) constitute 55% of users, fueling a 135% YoY surge in daily FMCG orders and 88% growth in electronics sales. The company invested RMB 5.8 billion in AI logistics optimization and plans a $14.1 billion three-year initiative for supply chain innovation and drone networks, aligning with China’s goal to achieve RMB 4 trillion instant retail GMV by 2027. CEO Wang Xing highlighted real-time delivery as reshaping consumer expectations.
