By the time he secured the licenses, Meituan would be long dead!
This was another major reason he was scaling back his food delivery operations.
The plan was to pull back, defend his turf in the Group Buy business, and then figure out the next move.
KNOCK KNOCK KNOCK! A series of urgent knocks at the door shattered Wang Xin's train of thought.
Before he could react, Wang Huiwen burst through the door. "Brother Xin," he said, his face a mask of resignation, "Juhuasuan wants to terminate our partnership."
"Ah Li invested in Kuai Pao, but they're one of our investors too!" Wang Xin shot to his feet, demanding furiously.
But Kuai Pao was valued at 5.8 billion US dollars, while Meituan was only worth four or five hundred million—less than a tenth of their rival. Of course, they weren't valued the same.
'Obviously,' Wang Huiwen thought to himself.
In truth, Wang Xin knew full well that Meituan didn't have many chips to play. It was only natural that they were being underestimated.
