Tuesday, December 1, 2020

Chinese food delivery giant Meituan had sales of $5.4B in Q3, up 29% YoY; Meituan's stock has nearly tripled in 2020, bringing its market value to ~$220B (Ryan McMorrow/Financial Times)

Ryan McMorrow / Financial Times:
Chinese food delivery giant Meituan had sales of $5.4B in Q3, up 29% YoY; Meituan's stock has nearly tripled in 2020, bringing its market value to ~$220B  —  Expansion plan comes as company posts strong revenue growth in third quarter  —  Food delivery giant Meituan is expanding …



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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...