Friday, March 25, 2022

Meituan reports Q4 revenue of $7.78B, up 31% YoY, and a net loss of $830M, amid weakening Chinese consumer spending and regulatory pressures (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Meituan reports Q4 revenue of $7.78B, up 31% YoY, and a net loss of $830M, amid weakening Chinese consumer spending and regulatory pressures  —  Meituan's revenue slowed for the third straight quarter after weakening Chinese consumer spending and regulatory pressures constrained its online food and travel businesses.



The EU and US announce a preliminary transatlantic data pact bur reveal few details, after the EU declared the previous pact illegal in 2020 (Daniel Michaels/Wall Street Journal)

Daniel Michaels / Wall Street Journal:
The EU and US announce a preliminary transatlantic data pact bur reveal few details, after the EU declared the previous pact illegal in 2020  —  Agreement could assuage concerns of companies with operations on both sides of the Atlantic  —  BRUSSELS—The U.S. and the European Union reached …



Dyson to invest $1.1 billion in Singapore

Dyson, the inventor of the bagless vacuum cleaner, said on Friday it would invest S$1.5 billion ($1.1 billion) in Singapore over the next four years, the newest phase of a S$4.9 billion global investment plan. https://ift.tt/YHScAwv

Data centres in India faced 51 million cyber attacks in 9 months: Report

The data centres in India captured more than 51 million cyber attacks over their networks from over 40,000 unique IP addresses from April-December 2021, a new report showed on Friday. https://ift.tt/qUzKCty

Interviews with Sam Altman and 100+ people on if he can be trusted amid allegations of persistent lying and more: some defend him, others call him a sociopath (New Yorker)

New Yorker : Interviews with Sam Altman and 100+ people on if he can be trusted amid allegations of persistent lying and more: some defen...