With no other options and nowhere to turn, Wang Xin could only bite the bullet and head to Alibaba.
Actually, he'd already been there once before.
But everyone ultimately parted ways unhappily.
The conditions proposed by Alibaba were incredibly harsh—in the past, they would have definitely crossed Wang Xin's bottom line!
Previously mentioned, Tencent holds a 20% stake in Dianping, which is higher than Alibaba's stake in Meituan.
This would give Tencent an advantage after the merger of the two.
Right now, Alibaba is aiming for two goals: to reach a 25% stake during the next round of financing, and to parachute in top executives as usual.
Well, Wang Xin, everyone says you're "Little Ma Yun," but it turns out you're quite uncontrollable!
Without someone watching over you, we can't eat or sleep peacefully!
For Wang Xin, this might lead Meituan to a predetermined outcome, becoming just like all the other companies invested by Alibaba.
But right now, he has no choice.
