Inside Tencent's "Influence Empire," with Bloomberg's Lulu Chen
Sinica Podcast
00:00
Is There a Difference Between Alibaba and Tencent?
The head of investing in M&A at Baidu and Tencent were actually close friends. But they were also competing for the same deals. Richard Liu was very competitive, he locked DD founder in a room just to make sure that he signs the contract with them. You would sign term sheets and contracts over napkins and make deals within 24 hours.
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