Hu Xiu·2025-06-17 23:14Core Insights - The company is focusing on understanding its business model and future direction, particularly in the context of its workforce expansion and new initiatives in local living services [1][5][7] - The CEO, Sandy Xu, is seen as a key player in executing the company's strategy, particularly in local life services and the integration of various business segments [4][5][6] Group 1: Company Strategy and Workforce - The company currently has 900,000 employees, with projections to grow to 1.2 million in the next three years [1][11] - The company is emphasizing local life services as a critical area for future growth, with plans to expand new formats like the Seven Fresh Food Mall [5][6] - The integration of e-commerce, instant retail, and local living services is a strategic focus, with 40% of food delivery customers also purchasing e-commerce products [5][6] Group 2: Leadership and Management - Liu Qiangdong expressed dissatisfaction with the company's performance from 2017 to 2022, describing it as a "lost five years" with no innovation or growth [3][15] - Sandy Xu is viewed positively by Liu Qiangdong, who plans to eventually hand over domestic operations to her while he focuses on international business [3][19] - The company aims to maintain a strong supply chain focus, which is seen as the foundation of its business model, rather than being a purely internet company [8][17] Group 3: Business Model and Future Plans - The company is developing a unique food delivery model that will differ significantly from Meituan's approach, with an emphasis on food safety [2][24] - The company is committed to a long-term strategy that may take 10 to 20 years to fully realize, focusing on building a sustainable business rather than quick profits [22][23] - The international strategy will prioritize local e-commerce, local infrastructure, and local employees, aiming to support Chinese brands in foreign markets [21][22]