Wang Xing's comments about Jiang Fan in 2019 have now backfired, causing Meituan's profits to plummet by 98%. He didn't anticipate that Jiang Fan would soon be exiled overseas by Alibaba due to an extramarital affair. He also didn't anticipate that Jiang Fan would turn Alibaba's overseas operations into its fastest-growing business. He also didn't anticipate that Jiang Fan would return triumphantly to control all of Alibaba's core businesses. Before Alibaba vs. Pinduoduo Now Alibaba vs. Meituan Jiang Fan wiped out Meituan's profits by 98%. However, this was just the beginning. After policy adjustments and leadership changes, Alibaba ushered in the Jiang Fan era.