Meituan addressed the intensified competition in food delivery, particularly the 10 billion RMB subsidy programs announced by competitors:
1. Welcomed new entrants as validating market potential, but noted current irrational subsidies are unsustainable long-term
2. Expressed confidence in Meituan's scale advantage, competitive model, and 11+ years of experience
3. Highlighted Meituan's reliable network, advanced systems, and sophisticated capabilities meeting diverse consumer needs
4. Plans to increase investments to defend market position while adhering to fair competition
5. Expects short-term financial volatility, including decelerated revenue growth and decreased operating profit in Q2
6. Aims to drive healthy industry growth, improve merchant environment, and create value for all stakeholders
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.