Wang Xing, CEO of Chinese food delivery giant Meituan, revealed in a WeChat post on Tuesday that he will invest in Guangnian Zhiwai, a company established by Meituan co-founder Wang Huiwen. On Feb. 13, Wang Huiwen announced he was investing $50 million into the company in an attempt to turn it into China’s answer to OpenAI and see it reach a valuation of $200 million. Wang Xing will also serve as president of the firm. The two Wangs were roommates at Tsinghua University and founded Meituan together in 2005. Wang Huiwei resigned from Meituan in 2020 for personal reasons. [Jiemian, in Chinese]