Rate Of Return
CommemorativeMeituan only has about 130 billion in cash on its books. At this rate, it can still lose money for 3-4 years. Alibaba said it will increase investment in the next three years, seemingly determined to bleed Meituan dry.
Pinduoduo has over 60 billion USD on its books, enough to buy the entire Meituan and still have money left over. This shows that not messing around is the best way to mess around.
Is it possible that Pinduoduo, when the opportunity arises, will start a 'snake swallowing an elephant' move?
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