Meituan's Wang Puzhong: We do not want to be involved in conflicts, but we cannot avoid fighting back.

From a subsidy war to a free-for-all, and then escalating into the "largest subsidy war in the history of the Chinese internet". It took less than 100 days. "Food delivery is a sophisticated yet low-margin business model," said Wang Puzhong, CEO of a core local business. "No one has more experience or is more familiar with the rules of this industry than Meituan." "I think this kind of competition is senseless and harmful to the industry. But before the battle begins, if you say this to your opponent, they won't believe you. They will only think you are weak and will become even more aggressive."