Wang Xing's telephone conversation on food delivery competition: Firmly opposed to internal competition, and steadfast to doing the right thing.

First of all, let's be clear that we firmly oppose the trend of overwork. On the evening of August 27, during the Meituan financial report conference call, Meituan CEO Wang Xing stated that the competition in the food delivery market continues to intensify, and Meituan will continue to defend its market position. "Meituan has grown in competition, and we have achieved our current leading position through continuous competition." Wang Xing said that Meituan is not facing intense competition for the first time. In the past years of development, Meituan has continuously strengthened and consolidated its leading position in the competition. Both in the past and now, Meituan has always focused on doing the right things, ensuring high-quality supply, stable fulfillment, and reasonable prices to create a good experience for users. Regardless of how the market changes or how fierce the competition is, Meituan will insist on doing the right thing, which is to ensure fast and reliable fulfillment and offer affordable prices. At the same time, Wang Xing stated that Meituan will focus long-term on ecosystem building to benefit consumers, merchants, and delivery riders.