Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
5 May 2021 Acquired Special: 2021 China Tech Trends (with Tech Buzz China)
“Basically, Wang Xing really embodies, but so does Zhang Yiming at ByteDance, et cetera. They've just made a $4 billion acquisition of a gaming studio and then three weeks later, they made another acquisition which I think is also billions of dollars.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 5 May 2021
- Publisher
- Acquired
Transcript context
…The story of Meituan is that it started as a Groupon clone. Today, it's the largest travel player, a huge community group-buying platform, and all sorts of stuff. Exactly. Meituan is a perfect example. Basically, Wang Xing really embodies, but so does Zhang Yiming at ByteDance, et cetera. They've just made a $4 billion acquisition of a gaming studio and then three weeks later, they made another acquisition which I think is also billions of dollars. It was undisclosed, but just looking at the company, it's definitely up there. If I had to describe this trend, I think it would be that U.S. companies think that their core competency is something like ecommerce, ridesharing, or social networking. Chinese entrepreneurs think we have lots of competencies. We have a lot of capital. We have a lot of users. Let's do lots of things with that.…
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