Guan Cha Zhe Wang·2025-05-26 14:43Core Insights - The CEO of Meituan, Wang Xing, emphasized that market competition fosters industry development, particularly in the instant retail sector represented by flash sales, but cautioned that low-quality, low-price "involution" competition is unsustainable in the long run [1] - Wang acknowledged recent aggressive competition in the food delivery sector, driven by subsidies from new platforms, but expressed confidence that Meituan can prevail, having successfully navigated similar challenges in the past [1] - The company aims to innovate and enhance the quality of the industry, advocating for a shift away from aggressive subsidy-driven competition towards a more mature and rational market focused on quality and service [1] Financial Performance - Meituan reported a robust quarterly revenue of 86.6 billion yuan, marking an 18% year-on-year growth [1] - The company invested 5.8 billion yuan in research and development during the quarter, with both annual transaction users and active merchants reaching new highs [1]