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... el meetings of Douyin, Li Xiang, and JD.
With Penguin Group standing behind Pinduoduo, and despite Douyin being co-founded by Yang Zhenyuan and Lu Liang, Zhang Yiming guarded against him as if he were a thief. Therefore, Lu Liang decided to place multiple bets by choosing to support Daqiangzi.
So, under the name of Tianxing Financial Group, he invested 2 billion US Dollars, acquiring a 5% stake to help JD join this late-stage e-commerce melee.
That night, Daqiangzi held a ...
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