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On the evening of August 27th, during the Meituan financial report conference call, Meituan CEO Wang Xing stated, "First of all, we firmly oppose the trend of 'involution'." As competition in the food delivery market continues to intensify, Meituan will continue to defend its market position. "Meituan has grown in competition, and we have achieved our current leading position through continuous competition," Wang Xing said. Meituan has faced intense competition before, and over the years, it has continued to grow and consolidate its leading position in the market. Whether in the past or present, Meituan has always focused on doing the right things, ensuring high-quality supply, stable delivery, and reasonable prices to create a good experience for users. Regardless of how the market changes or how fierce the competition becomes, Meituan will continue to focus on doing the right things. "There's nothing fancy about it, just a return to the essence, ensuring fast and reliable delivery, and ensuring affordable prices," Wang Xing said. At the same time, Wang Xing stated that Meituan will focus on long-term ecological development to benefit consumers, merchants, and delivery drivers.
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