At the TMD Wuzhen closed-door meeting in 2016, Zhang Yiming and Wang Xing had a "business exchange". Wang Xing commented on Zhang Yiming's "superior learning ability, concentration and rationality", and Zhang Yiming commented on Wang Xing's "strong curiosity and interest in all kinds of strange things".
The external evaluation is more straightforward. As a new generation of Internet giants that are tied for TMD, although ByteDance and Meituan have left the outside world with the impression of borderless expansion, their leaders Wang Xing and Zhang Yiming were respectively named by the outside world. Aggressive and understated label.
The difference in the payment expansion posture of the two giants seems to reflect the above characteristics. Also as a payment business, Douyin Payment is hidden under “More Payment Methods”, while Meituan Payment’s status is obviously much higher – top, with a “recommended” label, and bound bank card for instant discount. In country email list contrast, WeChat Pay has been squeezed into the corner.
In the shareholder structure of Meituan, Tencent, as the largest shareholder, holds more than 20% of the shares, which gives Meituan the confidence to kick the traces of the Ali system out of its own territory. After Meituan blocked the Alipay payment method, users complained about the inconvenience on social media. Wang Xing refuted this in a post on Fanfu: Taobao also does not have WeChat payment?
The expansion process of Douyin Payment is much more low-key. After Douyin Payment was officially launched in the APP, Douyin immediately stated:
"Douyin payment is only used as a supplement to some of the current major payment methods."
In front of the mobile payment track dominated by giants, Douyin and Meituan showed the two types of emerging players respectively. Meituan reached into the track to grab meat, while Douyin dug a moat.
01 Spring Festival Gala red envelopes, pay for debut?
According to LatePost reports, Douyin will replace Pinduoduo as the exclusive red envelope interaction partner for the 2021 Spring Festival Gala. To this end, ByteDance has added 57 special recruitment positions for the Spring Festival.