Chapter 788: Chapter 523: The Bet Between Cheng Zhu and Shen Qingning_3
After all, Meituan’s arch-nemesis is none other than my two adopted sons, Dianping and Eleme.
Though Tencent now values WeChat Pay as a third-party payment channel immeasurably and is incredibly tempted by it, there’s still a bit of internal conflict.
I’m not Alibaba. I’m a well-respected adopted father!
Isn’t it true that most of my adopted sons are thriving?
If they need money, I give it to them. If they need traffic, I provide that too. All I ask in return is that you make something of yourself in the future!
But this payment channel business is really fierce, its significance is extraordinary.
Even a behemoth like Tencent hopes to broaden the spread of WeChat Pay. The higher the user share, the better – it can propel Tencent to new heights.
So, though Little Ma is hesitant, he’s still willing to hear what Wang Xin has to say.
When it comes to negotiations, you start by talking!
But what he never anticipated was that Wang Xin is really going crazy at this moment.
To show his sincerity, he started by backstabbing Alibaba, proposing that as long as WeChat Pay is introduced, he would demote Alipay to a secondary menu!
It’s not just about not listening to Alibaba. This is completely running counter to Alibaba’s intentions.
I not only want to introduce WeChat Pay, I want to place WeChat Pay above you, riding on your head!
Now, even the well-regarded Tencent can no longer resist this temptation.
Obligingly, this decision is just too outrageous!
He has no idea what Wang Xin is thinking or why Wang Xin dares to engage in infighting, but this situation is definitely what he wants to see.
For one, Meituan’s infighting with Alibaba will undoubtedly create grudges and cracks in their relationship.
Secondly, this move is considerably beneficial to Tencent’s payment domain!
Overall, Tencent’s thoughts align with Alibaba; third-party payment channels are what matter most.
Adopted sons will still be adopted sons, after all, I only hold about 20% of Dianping’s shares.
Double happiness is knocking on the door, knocking on the door indeed!
Wang Xin coming here to negotiate simply can’t be rejected.
One can only say he’s really got the flavor of a novel’s male lead, with bold maneuvers and daring actions.
Meituan’s second-in-command, Murong Jun, sits beside him, sensing the wildness in his old partner.
It feels as if he’s really throwing caution to the wind.
It even seems like he got pissed off at Alibaba, then vengefully struck back with a vengeance!
On the way here, the two of them kept talking, and he knew Wang Xin’s plan.
This is truly a last-ditch effort, with no way out.
Introducing WeChat Pay is just Wang’s first step.
His second step is to push Meituan right to the edge of a cliff!
Either fall into a deep abyss or become an eaglet that learns to fly, soaring into the high skies!
Wang’s second-step plan is simple: burn money furiously in the upcoming days, as if on a suicide mission.
Bear in mind, despite the “Thousand Group Battle” being famous for burning cash, Meituan has always been rather “tightfisted.”
It took the path of surrounding cities from the countryside, initially avoiding direct conflict altogether.
“Burning piles of money to secure shares in big cities is an illusion, better to grab a stronghold in smaller cities that belong completely to us!”
His strategic deployment took effect within just six months.
Later, at a press conference, Wang, in front of the media, made a move as audacious as a novel’s protagonist.
He opened Meituan’s bank account on his computer, showing a balance of $61,922,122!
It’s important to note that from its inception until July 2011, Meituan had only raised a total of $62 million.
This indicated that while other rivals were burning investors’ money aimlessly in big cities, Meituan, which had grown substantially, had spent less than $80,000!
This showed that, during the more than a year of the cash burning war, Meituan had developed self-sustaining capabilities!
Not much cash was spent, and a lot was recouped.
Earning money while spending, their main philosophy was to do big things with little money.
Therefore, when Mr. Wang mentioned burning cash, Murong Jun was stunned.
This was contrary to Meituan’s longstanding strategy, as our main approach was to cautiously grow.
Besides, now that we’ve stabbed Alibaba in the back, it’s uncertain whether they will continue to invest in us and how much.
So, Wang Xin is really betting on life and death.
“I want to make Dianping scared in the short term! And to confuse them at the same time!” said Wang Xin.
Of course, he also had a deeper purpose — to merge with Dianping!
Yes, he remains firm on merging Meituan with Dianping.
That is the only way out!
Relying on the merger to break away from Alibaba, then throwing in our lot with Tencent, opting for a new adoptive father!
But during the merger, he wants to take the lead, he doesn’t want to be second-in-command.
So, right now, the game plan is to keep hitting Dianping! Chase them like a rabid dog!
You have to show the determination to burn through resources until one company is gone.
I have no other choice now, hence I’m unafraid to die, it’s time to see if you are.
“How much are you planning to burn a month?” asked Murong Jun.
“One billion,” answered Wang Xin.
“That much?” Murong Jun was astonished.
“I’m talking about US dollars!”
And so, a few days later, shocking news emerged within the industry.
WeChat Pay had been introduced by Meituan, and they even demoted Alipay to a secondary menu!