Today, Wang Puchong, CEO of Meituan's core local business unit, talked about the impact of Taobao's recent 50 billion yuan subsidy on Meituan, saying that this is definitely an irrational competition. Irrational means that they think that 50 billion yuan will scare us and bet that we can't keep up. After all, the top companies in the e-commerce industry have a lot of profits. What's more, they set a radical goal - hoping to surpass us in terms of order volume. But they will soon find that not only can we keep up, but we are also using far fewer resources than them to keep up. He mentioned, "We didn't spend 800 million yuan, and our actual investment is far less than Alibaba."