Monday, June 1, 2026

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 straight quarter of losses amid a food delivery price war  —  Meituan remains locked in a battle for supremacy with Alibaba Group and JD.com  —  Meituan , China's top food-delivery company …



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Researchers say they used AI to build a zero-click worm that can hack WeChat accounts and spread across iOS and Android; Tencent says it fixed the vulnerability (Dustin Volz/New York Times)

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