
Meituan's Wang Xing responds to JD.com's 10 billion subsidy for food delivery: will spare no effort to win the competition | Earnings Call

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In the first quarter earnings call of 2025, Meituan's chairman Wang Xing stated that the company's revenue and net profit achieved strong growth, with total revenue reaching 86.6 billion yuan, a year-on-year increase of 18.1%. He emphasized that Meituan would spare no effort to win the competition and welcomed new players into the takeaway market, believing that the industry's potential is enormous. At the same time, Wang Xing pointed out that there are irrational subsidies in the current competition, which affect the healthy development of the industry
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