On April 2, Meituan CEO Wang Xing released an internal email stating that "Meituan's former co-founder Wang Huiwen has gradually recovered and will spend part of his time as a consultant to Meituan."

Wang Xing said in an email, "Lao Wang will use his experience and wisdom to support me and everyone in the company's strategy, culture and talent echelon building, as well as technological innovation and new business exploration.Wang Xing said he "welcomes Lao Wang to continue to fight side by side with us" and wished Wang Huiwen an early and complete recovery.

It is understood that Wang Xing and Wang Huiwen are students of the upper and lower bunks of Tsinghua University, together with the establishment of the school network and the United States group.

In December 2020, Meituan announced that Wang Huiwen, co-founder and senior vice president of Meituan, officially retired as planned and successfully completed the handover.After leaving, Wang Huiwen continued to serve as a director of Meituan, and served as a lifelong honorary consultant of Meituan and a special lecturer of "Internet + University," engaged in the company's strategic planning, organizational inheritance and talent development related work.

In February 2023, Wang Huiwen, who has retired from Meituan, said he would form a team to embrace the new era and build China's OpenAI, setting up Beijing Lightyear Beyond Technology Co., Ltd., with a personal contribution of $50 million.In less than a month, Wang Xing released a circle of friends that he would participate in the A-round investment of Wang Huiwen's start-up company "light years away" and serve as a director.。

In April 2023, Lightyear announced the acquisition of AI architecture company Beijing First Class Technology Co.Wang Huiwen said that there are already VC subscription 2.300 million dollars. At the same time, "father of Sogou input method" Ma Zhankai and former vice president of Zhiyuan Research Institute Liu Jiang also announced to join Wang Huiwen team.

In June 2023, Meituan announced on the HKEx that Wang Huiwen had offered to resign as a non-executive director of the Company, a member of the Nomination Committee of the Company's Board of Directors and an authorized representative of the Company for personal health reasons.。According to the news, before the announcement, Wang Huiwen had temporarily left his post for medical treatment from light years away because of health problems, and subsequently had to sell light years away to Meituan.

On the 29th of that month, Meituan announced on the Hong Kong Stock Exchange that it had completed the acquisition of 100% of the shares of domestic and foreign entities outside the light year, with a purchase price of about 20.6.5 billion RMB.Meituan said that after the completion of the merger, it will support the Lightyear team to continue to explore and research in the field of large models.

In 2023, Meituan's annual revenue increased by 25% from RMB 220 billion in 25.8% to RMB 276.7 billion. Among them, the operating profit of Meituan's core local commercial segment in 2023 increased by 31% from RMB29.5 billion in 2022 to RMB38.7 billion in 2023.At the same time, the operating loss of the new business segment narrowed from RMB28.4 billion in 2022 to RMB20.2 billion in 2023.

Meituan said that for the full year 2023, revenue in the core local commercial segment increased by 28.7% year-over-year, thanks to the rapid recovery of local commerce to RMB 206.9 billion.Operating profit increased by 31.2% to RMB38.7 billion, with a slightly higher operating margin, up from 18.4% in 2022 to 18.7%。

In February this year, Wang Xing released an internal email announcing the new organizational restructuring.Meituan has integrated a number of core local business-related businesses and further prioritized technology and internationalization-related businesses.