Meituan makes strategic shift with Amazon-style special team to fit China’s new regulatory reality, report says

Source: Tech – South China Morning PostMeituan has decided to shift its strategic focus to “retailing plus technology” from “food plus platform” in a major change of business direction, as China’s largest on-demand delivery services provider adjusts to fit a changing business and regulatory environment, according to a report published by local media outlet LatePost on Wednesday.Wang Xing, the founder and chief executive of Meituan, announced the changes in an internal meeting this week. As part of the shift, the Beijing-based…Read More

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