Meituan’s founder Wang Xing’s business thinking and management philosophy cover self-awareness, life growth, entrepreneurial insight, organizational management and workplace work, etc., showing how he practices basic skills to build Meituan’s core competitiveness and provide inspiration for business competition.
“Win the competition at any cost.”
On the evening of May 26, Meituan released its financial report for the first quarter of 2025: revenue was 86.6 billion yuan, a year-on-year increase of 18.1%. adjusted net profit was 10.9 billion yuan, a year-on-year increase of 46.2%.
Among them, core local businesses, including takeaway and in-store, achieved revenue of 64.3 billion yuan, a year-on-year increase of 17.8%, and operating profit of 13.5 billion yuan, a year-on-year increase of 39.1%; Meituan’s new business segment revenue increased by 19.2% year-on-year to 22.2 billion yuan, and operating loss narrowed by 17.5% year-on-year to 2.3 billion yuan.
This is Meituan’s best-performing quarterly earnings report in recent quarters. However, after the financial report was issued, Meituan’s stock price turned down. This is inseparable from the recent market situation of JD.com’s entry into takeaway and Ele.me joining the war.
Wang Xing, who has always kept a low profile in recent years, also stated on the earnings call on the evening of the 26th that Meituan will take all necessary measures to win this competition.
Wang Xing said, “We are the largest player in the food delivery industry, and we have been deeply involved in this field for more than 10 years, and have experienced many fierce competitions in the past 10 years, so we believe that Meituan is still in the most advantageous position this time and can win again.” ”
Such confidence comes not only from Wang Xing’s advanced cognition, but also from Meituan’s organizational ability after experiencing the baptism of the Thousand Regiments War and the O2O War.
As Wang Xing said in 2019, “From the perspective of business history, the failure of the vast majority of companies is not that they have mastered difficult actions, but that there is a problem with the basic skills.” Basic skills are the basic actions of business and management, and practicing the basic skills well can produce great value. If we continue to disassemble our business, we will find that it is composed of various basic skills. ”
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To this end, we have compiled Wang Xing’s past thoughts and examinations, and sorted out the content of 5 aspects: self-awareness, life growth, entrepreneurial insight, organizational management and workplace work, hoping that you can gain something~~
1. Self-awareness: Do not spend more than five minutes on nostalgia
1. If you are unwilling to start with the most basic things, then you are likely to miss many, many opportunities.
2. My attitude towards life is: do not hesitate; No regrets.
3. “Most people think that war is made up of hard work, but in fact it is not, it is made up of waiting and suffering……” The eldest brother who said this participated in the Sino-Vietnamese War, later started a business, and now invests.
4. Some people always remember what they have lost and forget what they have gained. I’m not that kind of person. I am full of curiosity and passion for life, and “indulging forward” is my attitude.
5. Many things are overnight success on the surface, but in fact there is a long accumulation behind it. My favorite TED conference seems to have suddenly become popular a few years ago, but it was actually founded in 1984.
6. I want to enjoy every day because I think this life is a process, not an end, and there is only one end.
In this process, I hope it will be full of passion all the time, we only have less than 30,000 days in total, and I don’t want to waste any day.
7. The more confident you are in the future, the more patient you are with the present.
8. The road to success is not crowded, because there are really not many people who can persevere.
9. Sometimes, the reason for the existence of the second place has little to do with the second place itself, but there are always people who don’t like the first place.
10. Continuous growth can achieve a sense of security.
11. Opportunities are always available, especially in China. The worse the situation, the more courageous and diligent it is.
Your resources, your strength, are not as good as others, it turns out that you are all running behind others, and now if you don’t take advantage of others to catch up, when will you have a chance to catch up? The bad situation is the best opportunity.
12. People who are also clouds can only go with the flow. What do the facts look like? What do the facts look like in someone else’s mouth? What do the facts you want to believe look like?
In my opinion, many people are just making excuses for their laziness and ignorance – what does it have to do with you whether the situation is good or not in your small company? Wasting opportunities is far more unforgettable than missing them.
13. Rome was not built in a day. But it can be ruined in an instant.
14. You can lose all kinds of things, but you can’t lose the future because you don’t own it.
15. Everything is difficult at the beginning. It’s even harder after the start.
16. Do not spend more than five minutes on remembrance.
17. There are indeed many things that cannot be proven in advance, only believe or not.
19. Every moment is the boundary between your “first half of life” and “second half of life”.
20. The biggest mistake of people is trying to have the past, followed by trying to have the future, and then trying to have the present.
2. Life growth: Thinking about it is full of problems, and only when you do it can you have the answer
1. “No, but I can learn”, this sentence has infinite power, and can solve all kinds of problems that you have not encountered and will not solve through learning.
2. Life is like walking on a tightrope, it is not easy to move forward, but it is more dangerous to go backwards or stop and watch.
3. Some information is garbage after a day, some information is garbage after a week, some information is garbage after a year, and only a few pieces of information can be used for a lifetime. What kind of information you spend on when you are young will have a direct impact on your life path.
4. It is said that writing down ideas helps to think, because only things that can be thought out clearly can be written. So, I’m trying to write more.
5. Some people can’t seem to understand or accept the significance of subtle differences. I really want to remind him that in fact, Liu Xiang is only a few seconds faster than me.
6. It is common on the Internet to laugh at those who only achieve one or twenty points, and use the example of others achieving eighty or ninety points to ridicule those who achieve sixty or seventy points.
7. “If you don’t care who the credit goes to, what you can do will be amazing”. Truman’s words are very reasonable!
8. If you really “advance 30 kilometers a day”, you can advance about a million kilometers in a lifetime.
9. Recently learned a truth:When I want something, I might as well ask myself, do I deserve it?
10. There is only that small but important difference between “spinning in place” and “spiraling”, and it is often confused by the authorities, and it is easier for bystanders to see it clearly only when they observe it from another angle.
11. There is a saying: you are the average of the five people you spend the most time with. I think it’s safer to say that you are the sum of all the people you have spent time with.
12. Good chicken soup: Successful people never fail, but never give up.
13. It is not the current position that matters, but the direction and speed, as well as the acceleration.
14. There are not many things worth fighting for in life, but there is no need for more.
15. Thinking about it is full of problems, and only by doing it can there be answers.
16. Why do you plan to “make 10 million this year” instead of “make 30,000 tomorrow” or “make 200,000 next week”?
17. The first-class choice is to do things, the second-rate is to evaluate what others do, and the third-rate is to evaluate others’ evaluations. The question I spend the least time thinking about is evaluating other people’s evaluations.
3. Entrepreneurial insight: There are always hidden opportunities in the problem
1. Don’t take yourself too seriously, forget everything in the past, embrace new things, learn new things, and everything is customer-centric.
2. No matter what you do, what level of position you are in, you must be customer-centric, and in the end, you can’t take it seriously only with customers. You have to think from all angles, no matter what position you do, no matter what level you are in, whether it is abiding by the rules or breaking the rules, you want to create value for customers.
3. Entrepreneurship cannot be done recklessly, but must wait for the “general trend”. Entrepreneurship is the most comfortable to adapt to this era and follow the trend.
4. The three questions of “what you have, what you want, and what you give up” are extremely important for individuals and companies.
5. For entrepreneurs, “not admitting defeat” is a good quality, and “willing to gamble and lose” is another.
6. We have made a lot of mistakes and paid a lot of tuition fees to know that there are no myths in this world, only some very simple truths: cheap beats expensive, good quality defeats poor quality, serious defeats recklessness, patient defeats impetuous, diligent defeats lazy, reputable defeats unreputable……
7. Soros said that what matters is not the frequency of making correct judgments, but the magnitude of correct judgments made. Buffett said that he has only made the right decision a dozen times in his life.
8. Strategically fight a protracted war and tactically fight a war of annihilation.
9. The importance of goals in the innovation process cannot be overestimated.
Columbus was not necessarily the best captain in his time, and his equipment was not outstanding, his biggest advantage was that he dared to drive all the way west, although it was based on the wrong goal “xx distance to India from the other direction”, but at least he had a goal.
After Columbus’ first voyage, that sailing route immediately became conventional, because there was already a clear goal.
10. Remind yourself and your colleagues from time to time:In business, nothing is free and nothing is priceless.
11. Facts have once again proved that in the field of FMCG, there is no brand loyalty that cannot be destroyed by a price reduction of 3 cents.
12. Always remind yourself: speed, quality and cost, only two of the three.
13. Don’t abstract when you can be concrete. Google knows this very well, and they don’t say Speed is important or Make your site fast, but Every millisecond counts.
14. I always think that people are the most important, whether you have a good enough team, if you have a good enough team, you will have the right strategy, and you will have strong execution, so in the final analysis, it is people.
15. “No one is always young, but there are always those who are young. “In business, it can be interpreted as whether it is a business of a generation or a business of a certain age group, which is best to think clearly. It is another matter to be interested in solving all the needs of all.
16. For thousands of years, war has changed from fighting for people, food and grass, to fighting ammunition, fuel, and then to fighting for energy blocks in the future, but one thing has never changed, that is, fighting for information.
17. The company’s problem is the opportunity for employees. The problem of society is the opportunity of enterprises.
4. Management principles: thunderbolt means, bodhisattva heart
1. As a CEO, I am responsible for everything that happens in this company, and I am even more responsible for what should have happened in this company but did not happen.
2.Management is not only the team to get results, but also to help subordinates achieve results.
3. A good manager guides the people around him to “see themselves, see heaven and earth, and see all living beings”.
4. The most shocking thing I heard in the past few days was what Lin Biao said: In 1935, just after the Red Army’s Long March crossed the grassland and attacked the natural danger of Lazikou, the commander of the Red 4th Regiment assured Lin: “If you can’t take Lazikou, I will raise my head to see you.” Lin’s answer was: “I don’t want your head, I want Lazikou.”
5. The three most important tasks of a CEO: setting the company’s vision and overall strategy and communicating it to all stakeholders, recruiting and retaining the best talent, and ensuring that there is always enough cash.
6. Traditional wisdom actually explains some management principles very clearly: thunderbolt means, bodhisattva heart.
7. I think “blind people touching elephants” can be used as a positive example of teamwork. That’s what it is.
8. I remember the poker game I played when I was just sensible: two people each draw a number of cards, and then compare the size one by one.
Children are really different from adults, and it is a pleasure to play this kind of game that is completely untechnical and simple to the point of being mentally retarded. In fact, from another perspective, all poker games are changed to size ratio. The same is true for system design.
9.Expectations often do not happen if you don’t make an effort; Worrying things will always come if you are not prepared.
10. I don’t like to make a lot of decisions continuously, I prefer to receive a lot of information and then make a few big decisions.
11. Self-management should start with time management. Time management should start with the time of waking up.
Management should focus more on inputs than outputs. So, the real key is not what time to get up, but what time to go to bed. As long as you can keep sleeping, it will be much easier to get up early. On the contrary, going to bed late but wanting to get up early naturally requires painful struggles, and it is not healthy for a long time.
12. Life is like a magic trick, learn to appreciate her and not always say “it’s all a lie”.
13. Competition, what is competition, what is competition? The same direction is competition, and the opposite direction is competition.
14. My favorite attitude is: constructive criticism while constructive.
15.“Although the road of life is long, there are only a few steps when it is critical”This is the advertising slogan on the cover of a book related to the college entrance examination or volunteering 20 years ago. The company may be the same.
5. Work attitude: come out and mix, sooner or later you will have to pay it back
1. The first and foremost task every day is not to decide how to deal with something, but to decide which things should be dealt with as soon as possible and which should not be dealt with for the time being.
2. Whether a person will go out early on a snowy day to avoid being late is a simple way to tell if a person is result-oriented.
3. Willingness to take responsibility is an important sign of maturity.
4. Pursue the ultimate in a very small number of absolute core places.
5. Every day you have to give the best you have for the work you have in hand, rather than saving it for future plans.
6. When I am engrossed in my work, I will temporarily forget my existence, but when I look back later, I will be very relieved that I have been so real.
7. In fact, it is not difficult to persist, and it is not difficult to change; The difficult thing is to know what to stick to, what to change, when to stick to it, and when to change.
8. There are not many people who are really “extremely eager to succeed”, and even fewer are willing to pay an extraordinary price in the second half of the sentence.
9. “If you come out to mess around, you will have to pay it back sooner or later”, almost everyone has heard this sentence, but strangely, it seems that many people always feel that they have immunity.
10. Only after you grasp something can you be qualified to talk about “letting go”.
11. One of the big differences between life and exams is that the best answers are often outside the alternatives.
12. What is professionalism? We can simply understand it as: do a good job every day and achieve the extreme. In this fully competitive society, whether employees are engaged and how dedicated they are will directly determine whether the company can succeed.
Resources:
1. “Wang Xing: Don’t Take Yourself Too Seriously”, Noteman Man;
2. “Is Wang Xing overrated?” After reading his 191 thoughts, I realized that he was hiding too deeply”, Ah Xiu who attacked;
3. “The Biography of Wang Xing”, Wang Jing, Chen Run, Unity Publishing House.
