2 1 Shi Ji Jing Ji Bao Dao·2025-09-17 00:24Core Viewpoint - Liu Qiangdong emphasizes the importance of healthy competition among private enterprises and advocates for respect among entrepreneurs, stating that business competition should not turn into personal grudges [1][2]. Group 1: Competition and Business Strategy - Liu Qiangdong calls for private enterprises to focus on strategic competition rather than personal conflicts, highlighting the need for a simple and straightforward approach in business [4][5]. - He encourages companies to compete based on strategy, business models, value creation, and reputation, rather than engaging in price wars [4][6]. - The company aims to avoid price wars in the hotel industry and will announce a new hotel development plan in the coming weeks [1][10]. Group 2: Platform Competition - Liu Qiangdong differentiates between two types of competition: downward competition that leads to lower quality and upward competition that focuses on quality and fair pricing [6][8]. - He advocates for innovation in the food delivery and hotel sectors, promoting a model that allows for sustainable growth for all parties involved [9][10]. Group 3: Industry Pain Points - The company entered the food delivery market due to the high commission rates (up to 25%) charged by existing platforms, which negatively impact food safety and quality [14][16]. - Liu Qiangdong highlights the importance of addressing industry pain points, stating that many restaurant operators struggle to survive under current commission structures [16][18]. Group 4: Business Innovations - The company’s new initiative, "Seven Fresh Kitchen," has seen significant success, with daily orders exceeding 1,500 and contributing to a 30% increase in sales for nearby restaurants [17][18]. - Liu Qiangdong asserts that the company’s self-operated model does not harm other businesses but rather complements them, creating a mutually beneficial ecosystem [17][18]. Group 5: Entrepreneurial Journey - Liu Qiangdong reflects on his entrepreneurial journey, emphasizing the importance of innovative business models and addressing customer pain points [19][21]. - He shares insights from his early experiences in the computer retail industry, which laid the foundation for the company's growth into various sectors, including electronics and home appliances [21][23].