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In a strategic maneuver signaling a new phase of growth and innovation, Meituan, China’s foremost food delivery company, has announced the appointment of Wang Puzhong, Senior Vice President, as the CEO of its pioneering core local commerce business. This landmark decision marks the first occasion in the company’s history where it will operate under the guidance of two chief executives, underscoring its commitment to multifaceted expansion and operational excellence.
The core local commerce business is envisioned as a pivotal integration of Meituan’s diverse in-store and in-home business groups, coupled with the main platform’s foundational research and development operations. This synergistic approach aims to optimize efficiency, enhance customer experience, and drive sustained growth in an ever-evolving market landscape.
The announcement comes on the heels of Meituan’s relentless pursuit of strategic restructuring, with this being the fourth such initiative within a remarkably brief span of less than three months. With the formalization of the consolidated unit, initially proposed in February, Meituan solidifies its commitment to innovation and adaptability, laying a robust foundation for future endeavors.
Under the leadership of Wang Puzhong, supported by Meituan CEO Wang Xing’s strategic vision, the company is poised to navigate dynamic market challenges and capitalize on emerging opportunities. This appointment heralds a new chapter in Meituan’s journey, marked by resilience, agility, and a steadfast dedication to delivering unparalleled value to its stakeholders and customers alike.
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