
Meituan Q1 conference call: Will spare no effort to win the competition, unable to provide guidance for Q2 and full-year performance at this time

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Regarding the impact of JD.com's 10 billion subsidy on Meituan's food delivery business, Meituan CEO Wang Xing responded that Meituan "will spare no effort to win the competition." Due to "uncertainty about how long the irrational competition from new entrants will last," he stated that "it is impossible to provide accurate financial guidance for the second quarter and the remainder of this year, but Meituan will continue to defend its market share."
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