Meituan Expects Improved Q2 Performance Amid Rational Competition

Meituan released its first-quarter financial report on June 1, according to Jin10. During the earnings call, Meituan's management stated that as subsidies in the food delivery industry continue to optimize, competition is gradually shifting towards a focus on efficiency and experience. If the competitive environment remains rational, combined with the seasonal effect of the second quarter, it is expected that the Q2 unit economics (UE) for food delivery will be significantly better than Q1. Meituan CEO Wang Xing expressed confidence that with ongoing regulatory guidance, industry competition will gradually return to rationality. He emphasized Meituan's commitment to maintaining a leading edge in operational efficiency to ensure long-term and stable competitiveness in the industry. Wang also expressed belief that their long-term UE will return to a reasonable level.