Meituan announces its decisive foray into the realm of instant retail, aiming to catalyze the evolution of emerging retail formats. The company pledges no job cuts, with new graduates set to commence their roles as scheduled. Furthermore, Meituan Preferred will embark on a strategic transformation, exploring the 'Next-Day Delivery + Self-Pickup' model while strategically exiting unprofitable regions. This transition ensures that employee assignments, compensation, and benefits remain unaffected.