On July 27, MEITUAN-W rose 3.46% in regular trading, trading at HKD 90.25/share, with turnover of HKD 750 million. The stock has posted significant cumulative gains for the month.

On the news front, Unitree Robotics has received regulatory approval for its STAR Market IPO registration, with MEITUAN-W being its largest external shareholder at a 9.65% stake, signaling that the company's embodied intelligence strategy may be entering a monetization phase. Separately, Changxin Technology listed on the STAR Market on the same day, with Meituan's subsidiary Shenzhen Sankuai subscribing RMB 158 million in the offering.

The dual catalysts of AI large models and embodied intelligence continue to underpin positive sentiment. Meituan recently open-sourced LongCat-2.0, the industry's first trillion-parameter model trained on a 50,000-card domestic computing cluster, with total parameters of 1.6 trillion and native support for million-token context. Multiple institutions maintain a Buy rating with target prices adjusted to HKD 100, citing AI-driven valuation recovery potential and a deepening competitive moat in local services.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)