# Who does Meituan pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/meituan · Facet: suppliers · Updated: 2026-07-12T04:30:28.774+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Meituan's confirmed suppliers/cost counterparties include Pony.ai (autonomous-delivery domain controller supplier) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-07-12).

### 배달 라이더 (긱 노동) (high)
- metric: Amount ¥96.1B · FY2025 배달서비스 매출(라이더비 대응)
- note: Delivery-rider cost is the largest variable cost of Core Local Commerce — 3M+ riders nationwide. The 2025 subsidy war drove cost of revenue up (Q4 +23.5%), turning Core Local Commerce operating profit to a loss of RMB 6.9bn. Autonomous delivery (drones, unmanned vehicles) aims to ease long-term rider dependence.
- [confirms] HKEX filing (EN, filing, published 2026-04-24) https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0424/2026042400179.pdf: "Cost of revenue Q4 +23.5% (incentives); Core Local Commerce operating loss RMB 6.9bn; 3M+ riders"

### 리오토 (지분 투자) (high)  → /li-auto.md
- metric: Market share 21.5% · 2025 상반기
- note: Meituan and CEO Wang Xing together hold ~21.5%, the second-largest owner after founder Li Xiang (H1 2025), including Wang Xing's personal ~5.13% via Zijin Global. Trimmed gradually since 2023 but remains strategic backing; Wang Xing sits as a non-executive director.
- [confirms] Yicai Global (EN, news, published 2025-06-18) https://www.yicaiglobal.com/news/meituan-founder-trims-stake-in-li-auto-to-206-remains-second-largest-owner: "Meituan and Wang Xing together ~21.5%, Li Auto's No.2 owner"

### Pony.ai (자율배송 도메인 컨트롤러 공급) (mid)  → /pony-ai.md
- note: Supplier of a core autonomous-delivery component — Pony.ai supplies Meituan a bespoke self-driving domain controller (built on dual NVIDIA DRIVE Orin, liquid-cooled). A 2023 partnership targets large-scale deployment of delivery robots in tier-1 cities. Procurement value undisclosed.
- [mentions] HKEX filing (EN, filing, published 2026-04-24) https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0424/2026042400179.pdf: "Expanding autonomous delivery (drones, unmanned vehicles)"
- [confirms] Gasgoo (EN, news, published 2023-03-23) https://autonews.gasgoo.com/articles/news/ponyai-to-supply-meituan-with-autonomous-delivery-vehicle-specific-domain-controllers-70022525: "Pony.ai supplies Meituan a bespoke self-driving domain controller (dual NVIDIA DRIVE Orin)"

Reverse side: https://valuechain.wiki/meituan/customers.md · Ripple: https://valuechain.wiki/meituan/ripple.md

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Full node: https://valuechain.wiki/meituan.md · JSON: https://valuechain.wiki/meituan.json