meituan

On August 11, the Binance contract platform launched four U-based perpetual contract trading pairs, including Kuaishou (KUAISHOUUSDT), Meituan (MEITUANUSDT), as well as the Southern Eastern SK Hynix Daily Leverage (2X) product (CSOPSKHYNIX2LUSDT) and the Southern Eastern Samsung Electronics Daily Leverage (2X) product (CSOPSAMSUNG2LUSDT). The Kuaishou and Meituan contracts support a maximum leverage of 20 times, while the two Korean semiconductor ETF products support a maximum leverage of 10 times, with a funding rate cap of ±2%, settled every eight hours, supporting a multi-asset model.Among them, CSOPSKHYNIX2LUSDT tracks the Southern Eastern SK Hynix Daily Leverage (2X) product listed on the Hong Kong Stock Exchange (code 7709), and CSOPSAMSUNG2LUSDT tracks the Southern Eastern Samsung Electronics Daily Leverage (2X) product (code 7747), corresponding to the two major storage chip giants SK Hynix and Samsung Electronics with double long exposure. This is Binance's further expansion in the field of traditional asset perpetual contracts, bringing Hong Kong stocks and Korean tech stock leverage products into the crypto derivatives market. Binance reminds users that digital asset prices are highly volatile, and contract trading carries high risks; investors must bear the related risks themselves.

According to Gate market data, the Hang Seng Tech Index fell more than 1% at the beginning of the session, with tech stocks collectively weakening. JD.com (09618.HK) fell more than 8%, and Meituan (03690.HK) fell more than 3%.

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

The decentralized AI infrastructure network DGrid AI announced an official partnership with Meituan LongCat and has launched the LongCat-2.0 model under Meituan. Global developers and AI Agent builders can now access this model through the DGrid decentralized AI Gateway, providing low-cost and highly available access.LongCat-2.0 is designed for Agentic Coding in real-world scenarios, featuring a 1.6T parameter architecture with approximately 48B activations, supporting efficient long-context reasoning of 1 million tokens, and enhancing the processing speed of long text workflows through LongCat Sparse Attention. The model integrates agent, reasoning, and interaction capabilities, excelling in code understanding, generation, and execution.DGrid is a decentralized AI infrastructure that aggregates mainstream AI models globally, currently integrating over 200 models including Claude, GPT, Gemini, MiniMax, and GLM, enabling one-stop access through a unified API. The integration of LongCat-2.0 marks another expansion of DGrid on the model supply side. As more high-quality models continue to be launched, DGrid is becoming a unified entry point for AI developers to access diverse model capabilities, providing more open and flexible infrastructure support for the next generation of intelligent applications.

According to Gate market data, the Hong Kong stock technology and internet sector collectively surged during the trading session. Meituan (03690.HK) performed strongly, with an increase of 8.5%; Tencent Holdings (00700.HK) followed with a rise of over 5%; Xiaomi Group (01810.HK) increased by more than 3%; in addition, Alibaba (09988.HK) and Baidu (09888.HK) also rose simultaneously, with both increasing by more than 2%.

According to the official announcement, to meet users' diverse investment needs, Bitget has launched contracts for 7 popular Hong Kong stocks: TENCENT, MEITUAN, NETEASE, XIAOMI, POPMART, SMIC, and GIGADEVICE. The above contracts are all settled in USDT, with a maximum leverage of 20 times.

ChainCatcher news, Meituan announced on the Hong Kong Stock Exchange that it has completed the acquisition of 100% equity in the domestic and foreign entities of the large model startup Lightyear, with an acquisition price of approximately 2.065 billion RMB. The total consideration includes: cash of 234 million USD; debt assumption of 367 million RMB; cash of 1.00 RMB.Meituan stated: "After the acquisition is completed, we will support the Lightyear team to continue exploring and researching in the field of large models." (source link)

ChainCatcher news, according to Quantum Bit, Meituan co-founder Wang Huiwen's AI company Lightyear has completed a $230 million financing round, with a pre-investment valuation of $1 billion, elevating it to the unicorn ranks.It is reported that this round of financing was led by Source Code Capital, with participation from Tencent, Wuyuan Capital, and individual investors including Kuaishou founder Su Hua. (Source link)

According to ChainCatcher news and a report by The Paper, Meituan founder Wang Xing stated in his WeChat Moments that he will personally participate in the Series A investment of Wang Huiwen's startup "Beyond Light Years" and will serve as a director.Wang Xing said: "The AI large model excites me with the immense productivity that is about to be created, but also worries me about its future impact on the entire world. Lao Wang and I have been on the entrepreneurial journey together for nearly twenty years, and since he is determined to embrace this great wave, I must support him."Previously, former Meituan co-founder Wang Huiwen invested $50 million to enter the artificial intelligence field, claiming to build China's OpenAI. His post revealed that he will establish Beijing Beyond Light Years Technology Co., Ltd., with an investment of $50 million and a valuation of $200 million. (source link)

According to ChainCatcher news, information from relevant pages shows that the digital RMB smart contract feature has been launched on the Meituan App. The current use case is: when placing an order on Meituan using the designated digital RMB wallet for payment, the smart contract will automatically recognize the information in the order. If the merchant/product name in the order contains "keywords," the system will automatically trigger the smart contract to distribute a daily red envelope of 8,888 yuan, which will be sent to the designated wallet.