Ignoring Jack Ma's dark look, Wang Xing became more and more excited as he spoke:

"Meituan and Xingyi Technology have reached a strategic cooperation, which has both advantages and disadvantages and a bright future."

"What Director Wang can provide us is not only financial support, but also resources and traffic, as well as strategic security."

"With Director Wang's investment, Meituan does not have to worry about the security of the underlying map like Baidu. Amap will give us the highest authority and waive the service fee for two years!"

"Through the strategic cooperation with Director Wang, Meituan can not only enjoy the first-level entrance to Changchao, but also the resources of Meiyou, Xingyi Video, Amap Navigation, and even Xingyi Mobile!"

"It will definitely develop rapidly, become bigger and stronger, break out of the battle of thousands of groups, and even become the number one group buying giant until it is listed on Nasdaq!"

Everyone nodded in agreement.

Xingyi Technology has too many resources, such as Changchao traffic, navigation, maps, Xingyi mobile phones, etc., which Meituan needs.

The cooperation with Xingyi Technology has no disadvantages and is indeed very good.

Wang Xing continued: "Of course, if we reject Xingyi Technology's strategic investment, our competitors will laugh out loud."

"They will beg for investment from Xingyi Technology. By then, competitors will have the funds and resources of Xingyi Technology, the traffic entrance of Changchao, and the advertising support of Xingyi Video, and they will be able to quickly become bigger and stronger and crush them.

Even killing us, Meituan, would be Meituan’s nightmare!”

"Presumably none of the directors would like to see such a situation, right?"

Everyone shook their heads.

"So, today I propose to introduce Xingyi Technology Investment! The voting will begin below. Shareholders who agree, please raise your hands!"

With that said, Wang Xing raised his hand first.

Then the founding team raised their hands without hesitation. They were all close partners of Wang Xing, so they naturally looked up to Wang Xing.

Niu Fengnian, director of Sequoia Capital, smiled heartily: "Introducing Xingyi Technology is a very wise choice, and Sequoia supports it 100%!"

He also raised his hand as he spoke.

For a moment, Jack Ma was the only one left in the whole room who was indifferent.

Wang Xing looked at Jack Ma at the end: "Dr. Ma, are you opposed to the introduction of investment from Xingyi Technology?"

The corner of Jackma's mouth twitched: "I don't object to it, does it make sense?"

Meituan’s AB share structure will definitely pass if it has the support of Wang Xing and the original team. All other shareholders’ objections will be in vain.

To put it bluntly, this vote is just a formality, just to notify Jack Ma.

"It's really meaningless." Wang Xing smiled slightly and said bluntly:

"Now I officially announce that the board of directors has overwhelmingly passed the resolution to introduce Xingyi Technology Investment!"

"I will complete the follow-up contract with Xingyi Technology as soon as possible, so that Meituan can enjoy the strategic resources of Xingyi Technology as soon as possible and develop rapidly!"

"Wow!

Thunderous applause shook the entire conference room, and everyone was in high spirits, except Jack Ma.

Niu Fengnian from Sequoia Capital even smiled and extended his hand: "Congratulations to Director Wang, with the investment and support of Xingyi Technology, Meituan has a bright future!"

Wang Xing said with a smile: "We are all happy, let's work together to become bigger and stronger! Meituan will never let down any investor!"

Niu Fengnian was in a good mood: "Work together to become bigger and stronger!"

Everyone in the room was in high spirits, except Jackma, who had a gloomy face and left the room.

He knew that after Wang Yi took a stake in Meituan, Alibaba’s plan to annex Meituan was completely put on hold.

Originally, he was waiting for Meituan to fall into desperation in the Thousand Regiments War, but Ali would add insult to injury, collect the corpses, and annex Meituan!

But now that Wang Yi has entered the game, Meituan is in a desperate situation, and the hope of annexing Meituan has become extremely slim.

Outside the house, the cold wind of the twelfth lunar month blew against his face, and Jack Ma sneezed.

I can't help but feel that this winter seems to be a little colder than in previous years.

Seeing that Director Ma looked bad, the assistant said cautiously: "Chairman, should we continue to stay in the Imperial Capital, or go back directly?"

Ma Dong uttered two words: "Go back!"

The car started and headed straight to the airport.

Along the way, Jack Ma was frowning in thought.

Xingyi Technology invested in Meituan and became the largest shareholder, and Alibaba's plan completely went bankrupt.

Then Alibaba’s O2O local life layout can no longer rely on Meituan, and must find another way out!

Juhuasuan is also Alibaba’s group buying platform, but most of this group buying is online e-commerce group buying, not local life group buying like Meituan or Dianping.

As for the group buying business for local life, Alibaba also has it, through Koubei.com!

Koubei.com was established in 2004. It started as a second-hand housing company and later developed into a local life service platform, similar to Dianping.

In 2006, Alibaba invested in Koubei. In 2008, Alibaba acquired Koubei.com and merged with domestic Yahoo to form Yahoo Koubei.

However, this merger process has not yet been completed. In 2009, due to the big Taobao strategy, Word of Mouth was separated from Yahoo Word of Mouth and merged into Taobao.

It can be said that reputation is a stepping stone, and it can be moved wherever it is needed, but it has always been a supporting role and there is no good development at all.

But now, with no hope of annexing Meituan, Jackma decided to vigorously develop word-of-mouth!

Immediately made a call: "Separate the word-of-mouth business from Taobao and make it Ali's own local life. The goal... is to compete with Meituan and Dianping!"

"Yes!" the subordinate responded, understanding that the chairman was frustrated at Meituan and needed to start a counterattack and arrange decisively and quickly.

After being acquired, Koubei.com began its third spin-off and adjustment within three years. However, this time, it was finally no longer merged into other platforms, but carried the banner as a separate 020 business unit.

…

As if he was afraid of long nights and many dreams, Meituan Wang Xing came to Wang Yi with the contract the next day.

Also coming with him was Niu Fengnian from Sequoia Capital.

"Director Wang, yesterday we held a board meeting to discuss the introduction of Xingyi Technology Investment. There were no surprises. One person abstained from voting and the others voted unanimously to approve it!"

Wang Xing is full of joy and looks ready to do something big.

“Then I wish Meituan will win half of the group buying platform and IPO as soon as possible!”

Wang Yi was not surprised. Other platforms could only give Meituan money, but what he gave Meituan was money + resources + traffic.

Anyone with brains would not refuse Wang Yi's investment.

"Thank you, Director Wang. I brought the investment contract this time for you to take a look at."

"good!"

Wang Yi called a lawyer to confirm that there were no problems with the contract, and the two parties formally signed the contract.

After the signing was completed, Wang Yi invested US$40 million in cash and traffic and services worth US$30 million in Meituan, totaling US$70 million, accounting for 32% of the shares, becoming the largest shareholder of Meituan!

Wang Yi smiled slightly: "For the investment of 40 million US dollars, I will notify the finance department and transfer it directly."

Meiyou International earns only US dollars, which is direct investment.

"The other 30 million in advertising and traffic can be put in place now. How to arrange it specifically, you have someone contact the promotion department of Xingyi Technology. You can decide whether it is Meiyou promotion or Xingyi video promotion."

"Okay!" Wang Yi was so cheerful, which surprised Wang Xing.

"As for the first-level entrance to Changchao, if you arrange for the Meituan technical department to connect with the Changchao development department, plus debugging, the Changchao 5 version will be launched in four days, and you will definitely not be able to catch up. You can wait for the Changchao 0 version after the year.

, launched together with Changchao Payment!”

Chat 5 version also has a major update and big move, which will be launched before the Spring Festival.

In such a short period of time, the Meituan portal still needs to be debugged and tested, and it is impossible to fix it.

Yesterday, Xingyi Technology officially obtained its payment license. Although it has developed a payment system before, it still needs debugging and testing.

In this way, coupled with the first-level entrance to Meituan, it will be just in time to launch version 0 after the year.

Wang Xing nodded: "No problem. In addition, Meituan will also fully access Changchao Payment."

"Okay." Wang Yi smiled, Wang Xing would come to trouble.

At present, Meituan has Alipay payment and UnionPay payment. Now that Wang Yi has invested, he will naturally have to access Changchao payment.

And it only needs to be connected to Changchao Payment, allowing Meituan and users to choose by themselves.

It’s not as domineering as Alibaba, which requires the cancellation of other payment channels and only retains the only Alipay payment!

Wang Xing is naturally happy to choose this kind of non-exclusive cooperation.

What's more, the first-level entrance to Meituan on Changchao 0 version is all paid by Changchao.

As for Meituan’s own payment...it’s still far away.

At the moment, Meituan is just a small group buying platform that can go bankrupt at any time. Naturally, the official will not grant a payment license, and there is no chance of applying for it.

After all, there are more than 6,000 group buying platforms like Meituan, and more than 4,000 of them have died.

JD.com has not even applied for a payment license, and Meituan is even less likely to do so.

"By the way, Director Wang, this is Niu Fengnian, the director of Sequoia. I heard that I came to see you, so I wanted to pay a visit."
To be continued...