Meituan’s Smart Transportation Platform Split, Ride-Hailing Division Now Independent

Meituan’s Smart Transportation Platform Split, Ride-Hailing Division Now Independent

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( Source: Report Linker)

Meituan just recently divided its wise transport platform, which was developed less than one year back, Chinese media outlet LatePost reported on Monday. The car-hailing and unmanned lorry circulation departments under the platform are independent. Zhang Xingyuan and Xia Huaxia are accountable for the 2 departments, respectively, both of whom report to Meituan’s CEO Wang Xing.

Xia Huaxia was the head of the smart transport platform which was developed in December 2020, when Wang Huiwen, co-founder of Meituan, formally retired. The platform consisted of car-hailing, maps, unmanned automobile circulation, visual intelligence and other services.

The ride-hailing company, which has actually functioned for more than 4 years, has actually experienced 5 directors.

Meituan’s car-hailing organization began pilot operations in Nanjing in February 2017, and the very first individual in charge of it was Yang Li. It got in Shanghai one year later on and prepared to broaden to 6 other cities. After a duration of growth, Meituan did not see a huge advancement chance.

During Gao Yan’s period from completion of 2018 to the end of 2019, the car-hailing company relied on aggregation mode. In April, 2019, the platform presented lots of travel company such as Shouqi, Caocao Mobility and UCAR.

At the end of 2019, Wang Huiwen was accountable for car-hailing for Meituan. An individual from the company stated that the most significant modification brought by Wang throughout the duration was clearer obligations of numerous departments. At this phase, the core objective of the car-hailing company has actually moved from growth to increasing gross revenues.

In July 2021, there were brand-new modifications in the ride-hailing market. At that time, Didi was partly obstructed by regulative authorities. Chinese users might not download Didi’s car-hailing app in the app shop, and chauffeurs might not register their accounts.

SEE ALSO: ” Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi

However, the typical day-to-day car-hailing volume of Meituan in October is still around 1 million, while that of AutoNavi, a ride-hailing platform of Alibaba, goes beyond 5 million.

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