Permanent Crisis Mindset

““When everyone is entering this industry, we need to perform better. If we cannot do better, we are in a very dangerous situation. It is no exaggeration to say that Meituan is always only six months away from bankruptcy. This is not alarmism or implying that Meituan is unreliable, and there is no need to worry about it. Instead, we should embrace it. If you are at another company that believes it can rest easy, then it is not far from its demise. It’s not that Meituan is unreliable, but that the industry, this era, and the world change incredibly fast. Companies without a sense of crisis that do not tread cautiously are extremely dangerous, even more so than those that are small yet remain highly vigilant.””

“If BAT (Baidu, Alibaba, Tencent) directly entered group buying and went to war with Meituan, this is Meituan’s strong suit and they are not afraid. The fear is competitors entering from outside group buying. Crises always lurk where unseen, and you can’t predict where the competitor will strike from. Wang Xing and Meituan can only work harder and move faster.”