Meituan has pushed additional restructuring in its core meals supply unit with an announcement on naming youthful folks to administration degree, within the firm’s newest spherical of modifications this 12 months because it seems to adapt to rising exterior competitors. The Chinese language meals supply large has eradicated the direct-business division as a part of the adjustment, bringing in a city-focused mannequin to assist operations growth based mostly on particular cities’ traits. Meituan has additionally established a separate division to higher serve nationwide chain shops. The corporate recorded a 25.8% year-on-year rise in annual income to RMB 276.7 billion final 12 months, with its common day by day takeout order quantity amounting to 55 million in 2023, which was considerably wanting CEO Wang Xing’s aim of averaging 100 million items per day by 2025. [36Kr, in Chinese]
