Meituan’s “monthly payment” function will be officially launched on May 29 after nearly a year of trial operation. This service focuses on superimposed preferential rights and interests and the experience of enjoying first and paying later in Meituan’s consumption scenarios. Because its service concept is similar to Alipay Huabei, it is also called the Meituan version of Huabei by netizens.

According to the algorithm of Meituan’s payment including user income, for example, if an office worker orders 20 takeout orders and three in-store purchases in a month, with a total monthly catering expense of 800 yuan, after one month, Meituan’s total payment time is only 23 seconds, saving 62.05 yuan; while Ant Huabei takes 368 seconds, saving 5.42 yuan. This includes benefits stacking effects such as gift packs for Meituan purchase activation income, full discounts, and discounts for each purchase.

It was found that Meituan’s 2020 Q1 financial report released on May 25 showed that due to the impact of the epidemic, Meituan suffered setbacks in both revenue and net profit data indicators in the first quarter. In the first quarter of 2020: Meituan achieved revenue of 167.5 billion yuan, a year-on-year decrease of 12.6% and a month-on-month decrease of 40.5%. Yesterday morning, Meituan's total market value reached HK$781.948 billion, or approximately RMB 718.958 billion, making it the third domestic Internet company after Tencent and Alibaba to have a market value of over US$100 billion.