Monday, July 5, 2021

ByteDance selling TikTok AI to companies including in India

China-based ByteDance which is the parent company of TikTok, has reportedly started selling the AI technology of the short video-making app to other companies, including in India where the app is banned. https://ift.tt/3ylcsz1
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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...