Core Viewpoint - Meituan's CEO Wang Xing announced the addition of two key leaders, Xiao Fei and Qiu Guangyu, to the senior management team, indicating a routine adjustment in leadership without structural changes [2][3]. Group 1: Leadership Changes - Xiao Fei joined Meituan in February 2014, starting as a product manager for Meituan's food delivery service, and has since held various roles, including Vice President and head of hardware and software services [3]. - Qiu Guangyu joined Meituan in May 2022 and has been leading the Keeta team in exploring overseas markets, successfully launching services in regions such as Hong Kong, Saudi Arabia, and the UAE [3][4]. Group 2: Keeta's Expansion - Keeta has accelerated its expansion in the Middle East, launching services in Qatar, Kuwait, and Dubai in 2023, with plans to enter Saudi Arabia by September 2024 [3][4]. - Meituan plans to invest $1 billion over five years to support Keeta's entry into Brazil, focusing on developing digital tools, marketing resources, and establishing a logistics network with over 100,000 riders [4]. Group 3: Talent Development - Over half of the company's directors and above are promoted from within, highlighting the effectiveness of Meituan's 15-year campus recruitment program and leadership development initiatives [4]. - The leadership development program initiated in January 2020 has successfully promoted several executives, primarily from the "post-80s" generation, ensuring a robust internal talent pipeline [4].