Wang Huiwen, a co-founder of Chinese food delivery company Meituan Dianping, will step away from daily management in December 2020, according to an internal email.
Wang, who has served as Meituan senior vice president since 2010, will remain as a board member and serve as a consultant, Chief Executive Officer Wang Xing said Monday in the email.
Wang Huiwen, 40, is a long-time business partner of Wang Xing. Before co-founding Meituan in 2010, they co-founded a social media platform and a real estate searching platform. At Meituan, Wang has been in charge of the core on-demand delivery business and the new ride-hailing service.
Wang started handing over responsibilities for the ride-hailing business to others since mid-2019, a Meituan employee told Caixin. The CEO said Wang has discussed his retirement plan many times.
In addition, Meituan Senior Vice President Liu Lin will become a senior consultant, citing personal and family reasons, and vice presidents Guo Qing and Li Shubin will join Meituan’s senior management team, the CEO said in the email.
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