Meituan Conference Call: "Resolutely Oppose Involution," "Not Rushing to Be a 'Token' Factory," KeeTa Expected to Profit in Saudi Arabia
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CEO Wang Xing explicitly stated "resolutely oppose involution" and will actively withdraw from low-efficiency price wars. Meituan is fully advancing AI, has opened its AI assistant "Xiao Tuan" to all users, and is committed to building a "super AI gateway" for local life. In terms of overseas expansion, the Saudi market is expected to achieve its first profitable month by the end of this year, and the company guidance indicates that the overall loss for new businesses in 2026 will not exceed that of last year
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