Indeed, iQiyi's offer to exchange a hit variety show worth over 100 million yuan for "The Cliff," which has already aired and has a remaining value of tens of millions, showed immense sincerity.
To put it plainly, iQiyi was ceding territory and offering silver, seeking peace and sending money to Wang Yi!
But how could Wang Yi care about such a sugar-coated bullet?
How could he be blinded by immediate profits?
Compared to gaining over 100 million for free, Wang Yi preferred to make Baidu and iQiyi lose tens of billions!
In commercial battles, other companies have soldiers against soldiers, generals against generals.
Wang Yi didn't play by those rules; whether it was iQiyi or anyone else making a move, Wang Yi would directly target the opponent's parent company, delivering a critical blow to Baidu!
Of course, iQiyi also got hammered along the way!
The long-form video market is huge, with four to five hundred million users, but not too many are willing to pay.
Currently, Youku and Tudou have the largest market shares and are about to merge.
The rest are Sohu, iQiyi, PPTV, PPS Video, Tencent, Funshion, and LeTV.
Some of them would decline on their own, without Wang Yi's intervention.
The biggest threats were iQiyi and Tencent.
Tencent Video had only been launched for a year and was not a major concern for now.
iQiyi, backed by Baidu Search, was growing rapidly and was Wang Yi's primary target.
As long as iQiyi was crushed and its user market captured, the previous "iQiyi-Youku-Tencent Three Kingdoms Kill" landscape would transform into "Xing-You-Teng Three Kingdoms Kill"!
Wang Yi would not let go of such an opportunity to critically strike iQiyi and Baidu!
Ma Yuanming returned to iQiyi and immediately reported to the chairman.
Sun Yu was startled:
"What? Wang Yi didn't agree even with such great sincerity. It seems he's determined to go head-to-head with iQiyi."
Ma Yuanming nodded:
"We hired pirated websites to illegally record Xingyi Video's dramas. If successful, the subsequent losses to Xingyi Video would be at least several hundred million yuan, so it's normal for them to fight hard!"
"Yes, this is a huge problem!"
Sun Yu was anxious:
"This whole thing was a waste. If it had succeeded, then both we and Xingyi Video would have suffered losses."
"But now that it failed, Xingyi Video's losses are limited, while our losses are terrifying!"
"Indeed, this is tricky. Should we inform Chairman Li? After all, it could cause a huge impact on Baidu..."
"Inform Chairman Li..."
Sun Yu frowned slightly. If he informed him, he would definitely be reprimanded, and might even lose his position.
If he didn't inform him, there might be a glimmer of hope to get away with it, but the probability was low.
However, just as Sun Yu was struggling, the secretary rushed in frantically:
"Chairman, the police have issued a notice."
Sun Yu: "..."
Ma Yuanming: "..."
The two exchanged glances, their faces filled with bitterness.
Since the police had already issued a notice, there was no need to inform Chairman Li; he would know anyway.
"I understand, you may go."
Sun Yu sighed and returned to his seat with a gloomy expression.
Sure enough, shortly after the police notice was released, it became a trending topic:
[Last night, cyber police, in conjunction with local law enforcement, busted a major piracy operation, shutting down Feifan Film and Television Resource Network in one fell swoop. Wei Fei and other members of the piracy gang were arrested according to law for piracy, spreading fraud, and unhealthy information.
Lin Dong, Vice President of iQiyi, was arrested according to law for colluding with the piracy gang, pirating popular hit dramas from competitors, and for embezzlement. In the future, cyber police will continue to cooperate with local authorities to combat piracy according to law and protect film and television copyrights...]
"Sure enough, the worst has happened!"
Sun Yu's face was pale. The police not only made a full announcement but also explicitly named and exposed the identity of iQiyi's vice president!
Now, the entire internet knew about iQiyi's wrongdoings.
As for explanations, public relations?
How could they do PR?
The vice president colluded with a pirated organization to pirate a competitor's hit drama, caught red-handed—there was no way to clean this up!
Even if they pinned everything on Lin Dong, it wouldn't work.
"What do we do now?"
"This is big trouble!"
"This time, the police explicitly named iQiyi, clearly a warning shot!"
"Oh, what should we do?"
Just as Sun Yu was overwhelmed, Li Yan's call came in.
"Chairman, you... you... you called me."
Sun Yu tremblingly answered the phone.
Although iQiyi had nominally become independent from Baidu, Baidu was still iQiyi's largest shareholder!
Li Yan was still his old chairman!
"Look at the mess you've made; people are in jail, and you didn't even inform me. If it weren't for the police announcement, how long would you have kept it from me?"
Li Yan cursed loudly, seething with anger.
He was too furious!
"Chairman, I... I... I..."
Sun Yu stammered for a long time, unable to explain himself.
Li Yan became even angrier:
"Useless! Sun Yu, you're typical of someone who can't do anything right but excels at causing trouble!"
"If you hadn't told me to block and suppress Xingyi Video, our market value wouldn't have fallen from 280 billion to 140 billion!"
"We finally saw a slight recovery recently, with the stock price rising slightly to 170 billion, and now you've caused trouble again, and it will fall back!"
"Fine, you're really something!"
"I seriously suspect that you and Lin Dong, those two good-for-nothings, are undercover agents sent by Alibaba and Tencent! Deliberately trying to bring down Baidu!"
Li Yan's mouth twitched; it was hard not to be suspicious.
These two caused too much trouble; even a giant like Baidu couldn't withstand such destruction.
"Undercover?"
Sun Yu was bewildered and completely thrown off, hastily explaining:
"Chairman, I've followed you for many years; you know my loyalty best. I did all this for the development of iQiyi. Currently, Xingyi Video holds the hottest anime 'The Legend of Xia Lan,' and the hottest TV dramas 'Beijing Love Story' and 'The Cliff,' gaining too much momentum and with membership growing too fast. If this continues, they will likely surpass iQiyi very soon."
"I had no choice but to take a risky move to prevent Xingyi Video from surpassing us."
Li Yan was utterly speechless:
"Okay, let's assume your starting point was correct, but why were you so careless when you did it? Can such a thing be exposed?"
"You two, not only was it exposed, but you were caught red-handed by the police, announced nationwide, and even implicated iQiyi, and even Baidu!"
"You really are something, truly amazing! You won't be happy unless Baidu's market value drops by 20 billion, right?"
"Chairman, I..."
"What 'I' are you talking about! You just take a rest!"
Li Yan was furious:
"The chairman position of iQiyi will be concurrently held by Vice President Ma Yuanming. As for you, go back to the development team and continue as a research and development manager!"
"Chairman Li, I..."
Sun Yu wanted to say something more, but Li Yan on the other end had already hung up, leaving only the dial tone.
Ma Yuanming was close by and heard everything, saying with a complicated expression,
"Chairman Sun..."
"What Chairman Sun!"
Sun Yu scoffed coldly:
"Didn't you hear everything? Now you're the chairman of iQiyi, and I'm just a small development manager. In the future, I'll need Chairman Ma's continued care."
"Chairman Sun, you're being too serious; you'll always be my superior,"
Ma Yuanming quickly said.
Sun Yu had followed Li Yan for a long time; even a temporary mistake might not necessarily lead to eternal damnation.
If he kicked him while he was down now, it would be awkward if Sun Yu were reinstated someday.
After all, Li Yan had only removed him in a fit of anger, and Ma Yuanming was appointed as acting chairman, not officially appointed.
Sun Yu sighed:
"Chairman Ma, iQiyi is yours from now on. Do a good job."
With that, Sun Yu turned and left.
Ma Yuanming was stunned: "..."
For a moment, he didn't know if it was a blessing or a curse.
Promotion was naturally a blessing, even if it was only acting chairman.
But next, he would have to take on the main responsibility and compete with Xingyi Video, which would be difficult.
If iQiyi's performance severely declined, he would also be finished.
More importantly, there was a pile of mess that he needed to clean up.
Ma Yuanming returned to his office, opened Weibo, and his expression became even uglier; the entire internet was filled with curses:
"iQiyi's vice president colluded with a pirated website to pirate Xingyi Video's hit dramas, hahaha, I'm dying of laughter, this move is truly brilliant (in a bad way)!"
"iQiyi doesn't have hit dramas, so they hired people to pirate Xingyi Video's hit dramas. This Lin fellow is truly a 'talent'."
"Damn Lin Dong, now look, the entire Feifan Film and Television Resource Network is gone. Everything is lost."
"No wonder 'Beijing Love Story' suddenly had pirated copies yesterday; it turns out iQiyi was behind it, a rather dark tactic."
"Normal, look at Baidu's ethics, and you'll know iQiyi's ethics."
"Indeed, if the upper beam is not straight, the lower beam will be crooked."
"'Beijing Love Story,' with the highest ratings, and 'The Cliff,' with the second-highest ratings, are both exclusively broadcast on Xingyi Video, while iQiyi's exclusive dramas all flopped. It's normal for them to jump the gun."
"But Xingyi Video is truly powerful, both exclusive dramas became huge hits, directly securing the top two spots in viewership."
"Not only that, 'The Legend of Xia Lan' is also the anime with the highest weekly views, it's just one episode a week, which is painfully slow to wait for."
"For the same 15 yuan a month, an iQiyi membership only lets you watch some trashy films, while a Xingyi Video membership lets you watch three exclusive hit titles! It's more cost-effective to get a Xingyi Video membership!"
"Exactly, for the same price, the quality of Xingyi Video's exclusive dramas is significantly higher, leading the entire network."
"Not only exclusive dramas, but Xingyi Video also has the most copyrights for classic dramas."
"Right, iQiyi also infringed on Xingyi Video's copyrights for several classic dramas, was sued by Xingyi Video, and even caused its parent company Baidu's stock price to plummet."
"Speaking of which, this time iQiyi's vice president went to jail, will Baidu's stock price fall again?"
"Definitely, this incident is even more serious than copyright infringement."
"Damn, I just bought Baidu stock at the bottom, thinking I was part of the 'bottom-fishing squad,' but now it's clear I'm part of the 'cannon fodder squad'!"
"Me too, it's so hard."
"To be fair, Xingyi Video's membership is truly worth it. It has many exclusive hit dramas, and its original anime quality is unbeatable. I'm getting an annual pass directly!"
"Ever since I got Xingyi Video VIP, I haven't opened iQiyi in a long time."
"iQiyi VIP converting to Xingyi Video VIP!"
"A platform that's unwilling to spend money on dramas, only knows how to infringe copyright, and only knows how to pirate competitors—it's a shameless platform not worth expecting anything from. Xingyi Video is more cost-effective."
"Yes, I'm also switching to Xingyi Video. Chinese New Year is approaching, and annual membership is 12% off for a limited time, a great deal!"
"12% off? I'll get it too!"
...
For a time, countless iQiyi members flocked to download Xingyi Video and subscribe to memberships, causing Xingyi Video's membership numbers to skyrocket.
Meanwhile, iQiyi's new member growth plummeted.
Looking at the real-time data in the backend, Ma Yuanming's face became extremely grim:
"Chinese New Year is coming soon, which is the peak period for attracting new members, and this happened. Sigh!"
A sigh, full of helplessness.
However, the tragedy wasn't just for iQiyi; Youku and Sohu also saw their new member numbers plummet.
Consumers always compare prices when buying things, and even more so when subscribing to memberships.
Throughout January, other platforms had no exclusive hit dramas, but Xingyi Video had three!
Immediately, members from other platforms also flocked to Xingyi Video, becoming Xingyi Video members.
Many users who had never subscribed to a membership also purchased Xingyi Video memberships, even annual memberships, to watch "Beijing Love Story," "The Cliff," and "The Legend of Xia Lan."
Of course, some also directly bought xphone 1, which came with a complimentary Xingyi Video annual membership + Xingyi Music annual membership.
As soon as the police announcement was released, Xingyi Video became a sensation across the entire network, with membership growth surging more than fivefold compared to before.
The two hottest dramas in January were exclusively broadcast on Xingyi Video.
Whether it was the middle-aged and elderly who liked spy thrillers or young people who liked urban idol dramas, no one could escape Xingyi Video.
In addition, pirated resources were scarce, only the first few episodes were available, so to watch the latest, one had to subscribe to a membership.
As for watching live on TV?
First, you need a TV to watch live. And there are commercials, so you have to wait for them to air.
Young people don't have that patience.
With a Xingyi Video membership, you can skip ads, watch at double speed, and stream two episodes consecutively – how convenient!
As for other pirated platforms, would they continue to pirate?
No one was willing to do such a dangerous and thankless job.
After all, Feifan Film and Television Resource Network had collapsed, and they certainly didn't want to follow suit.
Some things outsiders didn't know, but industry insiders were clear about.
Feifan Film and Television Resource Network only started physically pirating Xingyi Video's resources yesterday afternoon.
That evening, a special task force was established, directly taking down the entire website, conducting overnight interrogations, making arrests, and issuing an announcement today!
Such rapid efficiency was truly intriguing.
Other pirated websites were also terrified.
How could they dare to continue pirating?
Wasn't that asking for trouble?
Even platforms that had uploaded pirated resources for "Beijing Love Story" quickly deleted all the content.
Those who had intended to pirate also completely ceased their activities; no one wanted to become the next Feifan Film and Television Network and be completely wiped out!
Consequently, pirated resources for "Beijing Love Story" and other dramas became much scarcer.
Users who wanted to watch the dramas couldn't find resources, so they simply subscribed to VIP.
After all, Xingyi Video had too many exclusive hit dramas, so getting VIP was worthwhile.
The situation was great for Xingyi Video, but terrible for Baidu.
Without any surprise, the iQiyi piracy incident still impacted Baidu.
As soon as the US stock market opened, Baidu's stock price and market value plummeted again.
By the close of the US stock market the next day, Baidu's market value had fallen back to 141 billion.
The market value, which had just begun to recover, evaporated by another 30 billion.
Countless institutions and retail investors who had bought Baidu stock at the bottom became cannon fodder and leeks.
Back to square one overnight!
This infuriated Li Yan, yet he was helpless.
iQiyi Vice President Lin Dong was already in jail, and Chairman Sun Yu had also been dismissed by him, leaving no one to vent his anger on.
"Sigh! This year, nothing has gone smoothly!"
Li Yan's expression was extremely complicated. He had originally planned to cash out some stock, but now, with the stock price halved, there was no way to do so.
Xingyi Technology Park.
Wang Yi looked at Baidu's plummeting stock price and smiled slightly.
If this happened a few more times, Baidu would become a junk stock in the eyes of investors and shareholders.
After all, if Baidu could trick people once, twice, thrice, no one would want to be tricked a fourth time.
In the future, it would be difficult for Baidu's stock price to recover, unless there was major positive news, such as a breakthrough in cutting-edge technology or a surge in revenue.
But unfortunately, current Baidu had neither major technological breakthroughs nor surging revenue.
Its "All In" AI was nowhere in sight.
The autonomous driving business ended before it even began.
Even Baidu Navigation, its core business, was defeated by Wang Yi, unable to solve underlying map issues.
It could only be described as disastrous.
The only thing worth looking at was Baidu Search.
But unfortunately, Wang Yi had no intention of letting Baidu Search off the hook either!
A few days ago, the Putian system hospital "human blood mantou" incident caused Baidu Search to suffer a critical blow, and its market share plummeted.
Wang Yi's Sogou Search, by refusing the Putian system and only providing "conscientious search," gained popularity and saw a surge in users.
Coupled with over seven million activated xphone 1 devices, all pre-installed with Sogou Browser and Sogou Search Engine, its mobile market share also increased significantly.
Currently, Sogou Browser's overall market share reached 25%, and Sogou Search Engine's market share reached 16%.
Meanwhile, Baidu Search Engine's market share had fallen from an initial 76% to 70% a while ago, and now it was only 64%!
Basically, all the market share lost by Baidu Search Engine was absorbed by Sogou!
The increase in Xingyi phone sales played a huge role in this.
However, the gap between the two was still very large.
Even if Sogou Search Engine's market share surged several times, it was still only a quarter of Baidu Search!
Catching up with such a monopolistic giant was truly not easy.
He had to find a way to deliver a critical blow to Baidu Search Engine as well.
After some thought, Wang Yi called Jian Ziyan:
"Ziyan, please help me schedule a meeting with Chairman Zhou of 360!"
This trump card, 360, had to be used!
Currently, Baidu was the dominant search engine in China, holding more than half the market.
However, the browser giants were IE, 360, Sogou, QQ, and UC!
As for the nascent Baidu Browser, it was still a junior player.
IE would continue to decline, while QQ Browser was deeply integrated with Tencent Soso.
The remaining 360 and UC were Wang Yi's targets.
If both were to enter into deep strategic cooperation with Wang Yi, integrating Sogou Search, then Sogou Search Engine's market share would inevitably rise sharply and rapidly.
As one rose and the other fell, Baidu Search Engine's market share would plummet rapidly.
However, UC belonged to Lei's faction, or rather, Kingsoft's faction, and had not yet been sold to Alibaba.
Wang Yi remembered that in his previous life, in 2014, Chairman He sold UC to Alibaba for 30 billion RMB.
Chairman He joined Alibaba, became an Alibaba executive, and later founded Xpeng Motors, embarking on a new journey.
But for now, it was still Lei's faction.
This was tricky.
Wang Yi's relationship with Lei's faction wasn't very good.
Wang Yi was self-aware of this.
After all, the sudden emergence of xphone 1 crippled the Xiaomi Mi 1.
The Xiaomi Mi 1 at 1999 yuan, and the xphone 1 at 3299 yuan (with 300 yuan worth of dual membership included), meant a difference of only one thousand yuan.
With a price difference of one thousand and a product capability difference of two thousand, most consumers chose the xphone 1.
Moreover, CEO Lei's chips had been sold by Qualcomm to Wang Yi, and Xiaomi phones' chip issues hadn't been completely resolved, with no stock currently for sale.
Wang Yi decided to give up on UC for now and secure 360 Browser first!
"Okay, Chairman, I'll schedule Chairman Zhou right away. Oh, by the way, Chairman Wang of Meituan is coming this afternoon. He's been waiting for a few days."
"Right, Meituan. Good, afternoon works."
Wang Yi replied and began checking the backend data.
Xingyi Video only had tens of millions of users, which wasn't particularly outstanding compared to older platforms with hundreds of millions of users.
Youku and Tudou, for example, had been developing for five or six years and had three to four hundred million users.
Xingyi Video had just started, so naturally, it couldn't compare.
However, the terrifying growth rate of Xingyi Video's paying members struck fear into giants like iQiyi.
Due to the iQiyi piracy scandal, Xingyi Video once again became a trending topic and exploded in popularity across the entire network.
Suddenly, the entire network learned that Xingyi Video, despite being a newcomer, boasted three exclusive hit dramas, crushing other platforms, while iQiyi, lacking hit dramas, surprisingly resorted to desperate measures and pirated Xingyi Video's popular titles.
This incident directly led hundreds of millions of netizens to realize that Xingyi Video offered the highest quality exclusive dramas, the most hit titles, and the most cost-effective membership!
As a result, many netizens flocked to Xingyi Video and subscribed to memberships.
This led to Xingyi Video gaining over 1.5 million new members in a single day!
Currently, Xingyi Video's total number of paying members reached 12 million!
Three exclusive hit dramas a month + eight layers of anti-piracy + constantly trending on hot searches + iQiyi's self-destructive assist—all these factors contributed to the surge in Xingyi Video VIPs.
This number of members had already surpassed iQiyi!
In these times, iQiyi could barely produce a few exclusive hit dramas all year, let alone three hit titles a month like Xingyi Video.
Even if iQiyi did manage to find a hit, it was often a syndicated drama available on all major platforms, with pirated copies rampant, so it naturally couldn't attract members.
Furthermore, Wang Yi had bought out the exclusive broadcasting rights for almost all hit dramas in 2012, making it difficult for platforms like iQiyi to make a comeback.
However, time was market.
Throughout this year, Xingyi Video's monopoly on hit dramas, releasing new hits every month, would surely capture over 50% of the paid market's users.
By then, other competitors would only be able to decline, watching Xingyi Video catch up, surpass, and crush them!
In reality, the decline of many platforms was due to the poor quality of their exclusive dramas and the lack of new exclusive hit shows, leading to their gradual elimination.
For example, in his previous life, during the period when "A Record of a Mortal's Journey to Immortality" was suspended on Bilibili, Bilibili's membership and traffic plummeted rapidly.
Wang Yi even felt that his Bilibili annual membership was wasted.
He bought a Bilibili annual membership just to watch the anime "A Record of a Mortal's Journey to Immortality," but then they suspended updates... what a rip-off!
After "A Record of a Mortal's Journey to Immortality" resumed broadcasting, the traffic recovery was also limited.
Like Wang Yi, many people would also get a Xingyi Video membership to watch "The Legend of Xia Lan," "Beijing Love Story," and "The Cliff."
It can be said that as long as there is a continuous stream of hit dramas released, the number of new members will not be an issue at all.
If Xingyi Video's monthly membership numbers remained above 12 million, annual membership revenue would be 2 billion yuan!
If monthly membership numbers remained above 25 million, that would be over 4 billion yuan in revenue!
Throughout 2012, the combined membership revenue of Xingyi Video + Xingyi Music would easily exceed 5 billion yuan, with hopes of surpassing 10 billion yuan!
Of course, these figures don't include the memberships given away with the purchase of xphone 1.
Adding naming rights and advertising revenue, annual income could potentially reach 20 billion yuan.
At this moment, Ye Changpeng walked over:
"Chairman, after the iQiyi scandal, Xingyi Video became hugely popular, and dramas like 'Beijing Love Story' also exploded in popularity. Last night, 'Beijing Love Story''s viewership increased by another 20%, and its on-demand views also skyrocketed!"
"That's normal. After watching the first six pirated episodes, they're even more eager to see the newly updated seventh and eighth episodes from last night. Since there are no pirated copies, they can only subscribe to a membership or watch on satellite TV."
"Exactly, that's the logic!"
Ye Changpeng said with a smile:
"It was precisely seeing 'Beijing Love Story''s surging viewership and terrifying popularity that several satellite TV stations contacted us again about buying the drama, offering a price of 800,000 yuan per episode."
Wang Yi was in a great mood; money was coming in!
"Okay, eight episodes have already aired, 800,000 yuan per episode is acceptable. Sell it. Sell to as many as possible."
If it were the first round, a huge hit like this, with top viewership, would cost at least 1.2 million yuan per episode this year.
Now that eight episodes had aired, it was at most considered 1.5 rounds, so it could only be sold at a 30% discount.
"Chairman, according to regulations, '4+X,' it's still considered a first-round node. We can sell to a maximum of four satellite TV stations and numerous local stations. We've already sold to Jiangsu and Zhejiang, so we can sell to three more satellite TV stations. There are no restrictions on local stations."
Wang Yi nodded:
"Then sell to three satellite TV stations, 800,000 yuan per episode, that should be enough."
Ye Changpeng said:
"Satellite TV stations are enough; several local stations also want to buy. But the price for local stations would have to be lower."
"Local stations..."
Wang Yi thought for a moment:
"Local stations at 400,000 yuan per episode. If there are buyers, sell. If not, wait for the second round of satellite TV sales! There's no shortage of buyers for a hit drama like this! Second, third, and fourth rounds are not an issue."
"Okay, Chairman. I'll negotiate with them right away."
After a morning of negotiations, Ye Changpeng delivered good news:
"Chairman, 'Beijing Love Story' has 39 episodes, at 800,000 yuan per episode, which is 31.2 million yuan per station. We sold it to Shenzhen City, Anhui Province, and Beijing Satellite TV, three stations in total. We also sold to two local stations, making a total of 124.8 million yuan!"
"That much! Very good!"
Wang Yi was in a great mood; this time he hit a huge jackpot.
The copyright bought for 40 million yuan sold for 124.8 million yuan just in the 1.5 rounds to satellite TV stations.
There would also be second, third, and fourth rounds, which would still bring in tens of millions, even if the price was heavily discounted.
New members and advertising endorsements would bring in several hundred million more.
"Beijing Love Story," acquired for 40 million, could earn Wang Yi 400 million yuan!
Wang Yi was in a great mood:
"This is great, we're comfortable now. Wang Ziyi of New Classics Media must be crying in the bathroom."
Ye Changpeng burst out laughing:
"Haha, definitely, not just Wang Ziyi, even Chairman Cao of New Classics will be crying."
Wang Yi nodded:
"Changpeng, you go in my place for the next New Classics board meeting, I won't go."
Ye Changpeng's mouth twitched: "..."
He could completely imagine that scene.
"Oh, and if we can sell the subsequent copyrights for 'The Cliff,' sell those too."
"Understood, Chairman."
In the afternoon, Wang Yi received Wang Xing of Meituan.
"Chairman Wang, hello, hello, I finally get to meet you!"
Wang Xing extended his hand and strode over.
"Hello."
Wang Yi smiled slightly, feeling that Wang Xing was very energetic, clearly a pragmatic and capable individual.
In his previous life, Wang Xing leading Meituan to emerge victorious from over six thousand group-buying platforms was the best proof.
Later, when competing against Dianping, even though Dianping had Tencent funding and resources behind it, and Meituan had nothing from Alibaba behind it, Wang Xing still fought Dianping to a draw!
He was simply amazing!
Later, his campaigns against Alibaba and Ele.me were even more crushing victories.
This was one of the reasons why Wang Yi was willing to invest in him.
(End of chapter)