An online post claims the delivery subsidy war has cost three companies more than a hundred billion yuan, leaving nerves raw and bosses defensive. It is a glimpse of how China's cheap-takeout era is being paid for.
Meituan's LongCat team released LongCat-2.5 on November 2, a native multimodal model built for long-horizon agent tasks with 1.6 trillion total parameters and about 48 billion activated per token. Online trials and API access are open, with weights promised for GitHub and HuggingFace.
A viral complaint about delivery platforms taking a large cut of fees while riders earn only a few yuan has sparked fresh debate about the economics of China's on-demand delivery economy.
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