You are smart enough to see the big picture, but not smart enough to see the details clearly What really made Meituan grow is food delivery. However, Meituan did not enter the food delivery industry from the beginning. It was only when the Ele.me model became successful, accumulated a certain number of users, and gained a certain level of capital attention that Meituan quickly entered and achieved a turnaround. Delivery is the trend, and the timing for Meituan to enter the delivery industry is the trend. How to determine the wind direction? Management expert Zheng Xiangzhou once mentioned a judgment indicator - the industry penetration rate has reached 20%. In other words, when an industry or product is being used by 20 out of 100 people, it indicates that the industry is maturing and a trend is coming. Jia Yueting is now a notorious deadbeat in China, and it can be said that he was "born at the wrong time". His entrepreneurial idea is indeed correct and highly forward thinking. His electric car idea has been validated by Tesla, and the concept of "ecological reversal" has also been continued in Xiaomi's ecosystem... However, the era he proposed did not have the external environment for the full development of the industry to cooperate On the chain, the players who made the most money in SOL were not the first batch of players who joined in November 2023 (I joined SOL at that time) ） But it came after BOME... From this point of view, a chain is not worth spending too much time and effort until it truly forms economies of scale