Because the US Mission does not want to be included in Ali's territory and wants to develop independently, the competition between Ali and Tencent is fierce. Ali used to be a consortium behind the US Mission, and their cooperation has been relatively harmonious for many years. However, after the merger of Meituan and Dianping, Ali and Meituan gradually separated. The reason comes from both. Meituan hopes to be independent, while Ali hopes to strengthen his payment software through Meituan.

The competition between Alibaba and Tencent between Meituan and Dianping is fierce. Tencent's shareholding in Dianping.com is 20%, and the merger has generated a premium for the management of Dianping.com. According to the 7: 4 share swap, Tencent's shareholding in Xinmeida Company is roughly 1 1%. In the new round of financing, Tencent invested 654.38 billion US dollars, accounting for more than 5% of the shares, so Tencent's share ratio in Xinmeida is close to 20%, while Ali actually exceeds this share ratio, and the actual investment is quite large. Of course, I also guess that Tencent will not let Ali share this ratio so easily. In fact, this is also a contest between Tencent and Ali. From the current point of view, Tencent won a game.

Meituan hopes to develop independently instead of being included in Ali's territory. Although Alibaba is a shareholder of Meituan, there have been differences between Ali and the management of Meituan. Perhaps the new word-of-mouth model has disrupted Wang Xing's rhythm. Word-of-mouth aggregates catering businesses and can provide more effective and practical solutions in supply chain and human resource management, which may also be attractive to businesses. Now the focus of observing the break between the two sides is still here, the competition of core business in the future.

In addition, Wang Xing, CEO of Meituan, has always been a strong personality, hoping to develop his own career instead of being included in Ali's territory.