DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Wang Huiwen - 4 Meituan - 3 LSEG - 1 Wang Xing - 1 Tingshu Wang - 1 Ele.me - 1 ChinaIRN - 1 John Choi - 1
Top related locs:
China Beijing Hong Kong HONG KONG SHANGHAI Southeast Asia HK Bengaluru
Top related orgs:
Thomson - 4 HK - 3 Meituan - 2 Microsoft - 2 REUTERS - 1 Alibaba Group - 1 Sequoia Capital - 1 Twitter - 1

Search resuls for: "Wang Huiwen"


4 mentions found


☆ China food delivery firm Meituan beats revenue expectations amid economic headwinds
  + stars: | 2023-11-28 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com   time to read: +3 min
The platform, whose app provides services such as bike-sharing, ticket-booking and maps, reported June-September revenue of 76.47 billion yuan ($10.69 billion), versus 62.62 billion yuan in the same period a year earlier. Meituan posted a profit of 3.59 billion yuan versus profit of 1.22 billion yuan a year earlier. Meituan CEO Wang Xing previously flagged a tougher third quarter for the food delivery business due to macroeconomic headwinds. A Meituan delivery worker rides a scooter carrying vegetables on a snowy day in Beijing, China January 19, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsQuarterly revenue from core local commerce, which includes food delivery as well as non-food delivery service Meituan Instashopping, rose 24.5% to 57.69 billion yuan.
Persons: Meituan, LSEG, Wang Xing, Tingshu Wang, Ele.me, ChinaIRN, John Choi, Wang Huiwen, ChatGPT, Casey Hall, Christopher Cushing, Edmund Klamann Organizations: HK, REUTERS, Alibaba Group, Meituan, Microsoft, Thomson Locations: SHANGHAI, Beijing, China, Hong Kong, Southeast Asia
☆ Meituan's insider AI deal does not compute
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +2 min
Meituan describes Light Year as a leading AI innovator in China. Its backers include Meituan CEO Wang Xin and Sequoia Capital China's HongShan fund, which is controlled by a Meituan non-executive director. Meituan is paying out roughly $234 million in cash and covering some $50 million-worth of Light Year's convertible bonds. Interestingly, Meituan's total outlay is roughly equal to the target's net cash position. For investors, understanding this AI deal is no small challenge.
Persons: Wang Huiwen, Meituan, Wang Xin, Robyn Mak, ’, crouch, Eli Lilly, Antony Currie, Thomas Shum Organizations: Reuters, Meituan, Sequoia Capital, Twitter, Thomson Locations: HONG KONG, HK, China
☆ China's Meituan to buy artificial intelligence firm Light Year from co-founder
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
June 29 (Reuters) - Chinese food delivery giant Meituan (3690.HK) said on Thursday that it is acquiring artificial intelligence (AI) company Light Year from its co-founder and former director Wang Huiwen, in a bid to develop its own generative AI. The deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of investments or acquisitions by businesses in a rush to develop generative AI like ChatGPT. The deal allows Meituan, in which online advertising giant Tencent (0700.HK) holds an 18.7% stake, to strengthen its position in the AI landscape of China. Meituan will control 100% of Light Year after completion of the deal. Reporting by Navya Mittal and John Biju in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Wang Huiwen, HongShan, Meituan, Wang, Navya Mittal, John Biju, Shailesh Organizations: HK, Sequoia Capital China Growth, Thomson Locations: China, Bengaluru
☆ China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others - sources
  + stars: | 2023-06-01 | by ( Roxanne Liu Josh Ye | Roxanne Liu | Josh Ye | ) www.reuters.com   time to read: +3 min
MiniMax was founded in 2021 by some former employees of SenseTime (0020.HK), including Yan Junjie - a former vice president at the Chinese AI firm, two other people said. Wang Huiwen, co-founder of on-demand service giant Meituan (3690.HK), said he has founded a new AI company called Beijing Lightyear Technology with $50 million from investors. Google China's former chief, Kai-Fu Lee, has unveiled his new startup - Project AI 2.0. Wang Xiaochuan, founder of China's No.2 search engine Sogou, said in April that he had founded Baichuan Intelligence with a startup capital of $50 million. Its other early investors include China's Yunqi Partners and Future Capital, statements from the venture capital funds show.
Persons: MiniMax, Yan Junjie, Wang Huiwen, Kai, Fu Lee, Wang Xiaochuan, China's, MiHoYo, Charlie Chai, ERNIE Bot, Chai, Roxanne Liu, Josh Ye, Himani Sarkar Organizations: Microsoft, HK, Huawei, Baidu, Beijing Lightyear Technology, Google, Baichuan Intelligence, China's Yunqi Partners, Future, 86Research, Thomson Locations: BEIJING, HONG KONG, China, Beijing, miHoYo, Hong Kong
0 next >>
Total: 4