Meituan held its 2025 annual general meeting of shareholders on June 9. When talking about the competition in the food delivery industry, Wang Xing said that first, more participants are very welcome to enter the market; second, he reiterated that Meituan is firmly opposed to involution; and third, he is confident in long-term development. Wang Xing said that it is normal for the industry to have many players and more competition, but unhealthy and ineffective "involutionary" competition is unsustainable in the long run for both platforms and merchants, and has a negative impact on the industry. Meituan is firmly opposed to involution.