Meituan CEO Wang Xing joins attempt to build China’s OpenAI

Wang Xing, CEO of Chinese meals supply big Meituan, revealed in a WeChat put up on Tuesday that he’ll put money into Guangnian Zhiwai, an organization established by Meituan co-founder Wang Huiwen. On Feb. 13, Wang Huiwen introduced he was investing $50 million into the corporate in an attempt to flip it into China’s reply to OpenAI and see it attain a valuation of $200 million. Wang Xing will even function president of the agency. The two Wangs had been roommates at Tsinghua University and based Meituan collectively in 2005. Wang Huiwei resigned from Meituan in 2020 for private causes. [Jiemian, in Chinese]