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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Google's data center energy head says space data centers cost up to 100x more than Earth-based ones, and US power supply is sufficient but permits are slow (Amir Efrati/The Information)

Amir Efrati / The Information : Google's data center energy head says space data centers cost up to 100x more than Earth-based ones, ...