Meituan’s Billionaire Co-Founder Joins China’s AI Chatbot Rush

(Bloomberg) — Billionaire Meituan co-founder Wang Xing is clambering aboard a global investment wave to create ChatGPT-like AI bots.

Wang, who’s largely stayed out of the limelight in recent years, declared in a WeChat post he’ll join a Series A investment round for fellow Meituan co-founder Wang Huiwen’s artificial intelligence startup. The billionaire becomes the latest Chinese tech executive to throw his weight behind the quest to top OpenAI’s creation, which has taken the global industry by storm since its November debut.