Wang Xing Discusses Food Delivery Competition in Earnings Call: Firmly Opposes Involution, Insists on Doing the Right Thing

Deep News
Aug 27

During MEITUAN-W's earnings call on the evening of August 27, Meituan CEO Wang Xing stated, "First and foremost, we firmly oppose involution." As competition in the food delivery market continues to intensify, Meituan will continue to defend its market position. "Meituan has grown through competition, and we have achieved today's leading position through continuous competition."

Wang Xing emphasized that this is not the first time Meituan has faced such fierce competition. Throughout its years of development, Meituan has continuously strengthened and consolidated its leading position through competition. Whether in the past or present, Meituan has always focused on doing the right thing - ensuring quality supply, stable fulfillment, and reasonable pricing to create a good experience for users.

Regardless of how the market changes or how intense the competition becomes, Meituan's commitment to doing the right thing will not change. "Nothing fancy, just returning to fundamentals - ensuring fast and reliable fulfillment, and ensuring economical and affordable prices." Meanwhile, Wang Xing indicated that Meituan will maintain a long-term focus on ecosystem building, allowing consumers, merchants, and delivery riders to all benefit from it.

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