Food Delivery Giant Meituan Hires Kuaishou’s Former Global Chief

Kuaishou Technology’s former international business leader Tony Qiu has joined Chinese food delivery titan Meituan, making the switch between internet companies at a time of elevated regulatory and economic challenges for the sector.

Qiu has taken on a provisional role as assistant to Meituan founder and Chief Executive Officer Wang Xing while deciding which business unit of the company he will run, the former Bain Capital executive said in a text message. It’s a common practice for senior officers in China to occupy assistant roles before being assigned a strategic position, such as Alibaba Group Holding Ltd. Chief Financial Officer Toby Xu, who assisted CEO Daniel Zhang before taking the reins of the e-commerce giant’s investment arm.