Saturday, July 11, 2020

Zomato says its FY 2020 revenue was $394M, up 105% YoY, and EBITDA loss reached $293M vs. $277M in FY 2019, as Zomato Gold/Pro had 1.7M subscribers as of March (Aroon Deep/MediaNama)

Aroon Deep / MediaNama:
Zomato says its FY 2020 revenue was $394M, up 105% YoY, and EBITDA loss reached $293M vs. $277M in FY 2019, as Zomato Gold/Pro had 1.7M subscribers as of March  —  “While FY19 saw hyper-competition between four well-funded food delivery players, FY20 ended with a two player market structure …



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Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...