Meituan planning to hire 60,000 and expand into new sectors

Chinese food delivery giant Meituan said it aimed to hire 60,000 new employees in 2021 as the company expands into new areas of businesses such as group community buying.

Meituan’s plan includes recruiting engineers, customer managers, and logistics professionals, the company said in a statement on Wednesday. Meituan’s services also include hotel booking and bike sharing. They had a total of around 69,000 employees at the end of 2020 according to its annual report. This week Meituan also announced that they are re launching their ride hailing business.

The Beijing-based company’s aggressive hiring plan comes amid regulators’ tightened scrutiny on the platform companies in the country.

China’s market watchdog announced an antitrust probe into Meituan in April, focusing on a practice whereby a company forces vendors to use its platform exclusively.

Meituan reported two consecutive quarterly losses for the quarters ended December and March weighed down by its expansion into the community group-buying business that relies heavily on subsidies.

In April 2021 Meituan raised $10 billion in a stock and convertible bonds sale. They said at the time it planed to use its new funds to invest in autonomous delivery vehicles, delivery drones and other cutting-edge technology.

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