Tuesday, November 28, 2023

Meituan reports Q3 revenue up 22% YoY to ~$10.7B, narrowly beating est., and net income up nearly 3x to ~$507M, boosted by strong Chinese travel demand (Sarah Zheng/Bloomberg)

Sarah Zheng / Bloomberg:
Meituan reports Q3 revenue up 22% YoY to ~$10.7B, narrowly beating est., and net income up nearly 3x to ~$507M, boosted by strong Chinese travel demand  —  Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy slowing growth …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...