Friday, March 22, 2024

Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion  —  The company reported sales of 73.7 billion yuan ($10.2 billion) in the December quarter, versus the 72.7 billion yuan average projection.



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DeepSeek says it used Nvidia H800 chips, available in China until October 2023, to train R1, suggesting future models could be hampered by US export controls (Bloomberg)

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