Meituan CEO Wang Xing issued a message to employees emphasizing the firm’s strategic focus on expansion and bolstering worker support. The letter highlighted plans for overseas ventures and increased social security benefits for delivery personnel. The company reported a decline in second-quarter earnings following a competitive challenge with Alibaba and JD.com. Meituan’s leadership expressed confidence in long-term growth through these initiatives, aiming to solidify its position in the rapidly evolving delivery market.
Credits: News – South China Morning Post