This article only represents the author's own views.
Watch out, Shein, ByteDance and PDD. Takeout delivery giant Meituan (3690.HK) is hoping to join that trio of Chinese internet giants that have found big success overseas, with its aggressive founder and CEO Wang Xing personally taking on the challenge. Earlier this month, Wang issued an internal notice announcing a restructuring that would divide Meituan’s core Chinese business into two parts, each managed by a senior vice president. Meantime, Wang will personally oversee all of the company’s overseas operations, as well as its unmanned aerial vehicle business, hinting at where his next big priorities lie.
In terms of its core China-based business, Meituan is reorganizing its in-store and delivery services, as well as its Meituan platform, basic R&D and other business. The in-store services and R&D that used to operate separately will now both answer to senior vice president Wang Puzhong. Senior vice president Zhang Chuan will oversee Dianping, the Chinese equivalent of Yelp, as well as the company’s SaaS, bike-sharing, power bank-sharing and other new businesses.