According to Tianyancha App, a business information query platform, on October 31, Wang Xing, chairman and CEO of Meituan, and Mu Rongjun, executive director, both no longer shareholders of Shanghai Lutuan Technology Co., Ltd., the main operator of Meituan’s online ride-hailing business.
Shanghai Lutuan Technology Co., Ltd. added Beijing Sankuai Technology Co., Ltd., an affiliated company of Meituan, as its sole shareholder. Wang and Mu are shareholders of the latter.
Shanghai Lutuan Technology Co., Ltd. was established in January 2017 with a registered capital of RMB 5 million ($686,709). The company has more than 90 branches in many cities, of which 80 are in operation.
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