Core Insights - The demand for "super value for money" is reshaping the restaurant industry according to Meituan's core local business CEO Wang Puzhong [1] - Achieving this super value for money should not rely on internal competition among peers but rather on merchants leveraging structural cost advantages to enhance overall operational levels [1] Company Strategy - Meituan aims to position itself as a long-term partner in the restaurant industry rather than merely a traffic platform, deeply integrating into the entire operational chain of merchants [1] - The company focuses on three core operational issues for merchants: attracting customers, delivering food, and improving operational efficiency, providing various support to ensure stable growth for both dine-in and takeout services [1] Merchant Engagement - Over the past year, Meituan has communicated with nearly 600,000 merchants through closed-door meetings, visits, and surveys, gathering over 1,700 suggestions and feedback [1] - The company has driven nearly 900 iterations of products and mechanisms based on this feedback, emphasizing its commitment to solving problems and being a long-term partner for merchants [1]

Core Viewpoint - The demand for "super cost-performance" is reshaping the restaurant industry, emphasizing that achieving this should not rely on internal competition but rather on leveraging structural cost advantages and enhancing overall operational capabilities [1] Group 1: Company Strategy - Meituan's core local business CEO, Wang Puzhong, stated that the company will continue to position itself as a long-term partner in the restaurant industry rather than merely a traffic platform [1] - The company aims to deeply integrate into the entire operational chain of merchants, focusing on three core issues: attracting customers, delivering food, and improving operational efficiency [1] Group 2: Merchant Engagement - Over the past year, Meituan has communicated with nearly 600,000 merchants through closed-door meetings, visits, and surveys, gathering over 1,700 suggestions and feedback [1] - The company has implemented nearly 900 iterations of products and mechanisms based on this feedback, demonstrating a commitment to solving problems and being a long-term partner for merchants [1]