Meituan Class B (HKEX:3690) boosted shareholding with two late‑June buybacks totaling HK$199.8M while gearing up to launch DeepSeek V4 mid‑July with tiered API pricing, and touts LongCat‑2.0 — a domestically optimized 1M‑token AI that matches rivals and gained OpenRouter traction.
Previous Week Recap
- Meituan Repurchased 3M Shares: Meituan Class B (3690) repurchased 1.5M shares on June 29 for HK$99.8M and 1.5M on June 30 for HK$100M, per HKEX filings.
- DeepSeek V4 To Roll Out: Meituan Class B (3690) will roll out DeepSeek V4 mid‑July with tiered API pricing: higher rates for peak‑time calls and lower off‑peak fees, affecting AI workload access and costs.
- LongCat-2.0 Handles 1M: Meituan Class B (3690) says its LongCat-2.0 AI, optimized for domestic chips, handles up to 1M tokens, matches or beats rivals on coding and agent benchmarks; preview gained traction on OpenRouter.
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