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Tencent Launches Hunyuan-T1 Reasoning Model as China AI Race Heats up
NIO is advancing towards the profitability "Shangganling".
Seek change.
"Weilai Xiaoli" quarterly report: Li Auto is "far ahead" while Xiaopeng and Weilai are expecting losses for the whole year hoping for profitability in the fourth quarter.
① Ideal Autos' revenue in 2024 is 144.5 billion yuan, a year-on-year increase of 16.6%, breaking the 100 billion yuan mark for two consecutive years. ② Xiaopeng Autos' gross margin has significantly improved, with the overall gross margin rising from 1.5% in 2023 to 14.3%. ③ NIO Autos is confident in achieving its profit target for the fourth quarter of this year.
Full text of Meituan's conference call: Fully entering AI, Bullish on the high profit margins in the Middle East market, pilot social security for riders to start in the second quarter of this year.
Meituan significantly enhanced employee productivity through the self-developed large model "Totoro", achieving 27% of new code generated by AI, a 44% reduction in the BD team's workload, and over a 20% increase in AI customer service efficiency. This year, plans are to launch an AI assistant covering all services and expand into the Siasun Robot&Automation and autonomous driving fields. In overseas Business, Meituan's brand Keeta operates delivery services in six major cities in Saudi Arabia; in the Middle East and other markets, the average Order value is much higher than in China, and users are more willing to pay for services, with delivery Business profit margins also exceeding those domestically.
Cailian Press Venture Capital Channel: This week's financing in the primary market decreased by 39.8% to 59 cases, and NIO Energy received 2.5 billion yuan in strategic investment.
① This week, there were a total of 59 investment and financing events in the country, a decrease of 39.80% compared to the previous period; the total disclosed financing amounted to approximately 4.311 billion yuan, a decrease of 54.92%. ② Advanced manufacturing, Medical, and Integrated Circuits showed high levels of activity, with the total disclosed financing in the Autos sector being the highest; Jiangsu maintained its position at the top with 17 active financing events. ③ NIO Energy secured 2.5 billion yuan in strategic investment, making it the highest disclosed investment event for the week.
Nomura to the Sidelines on Pinduoduo Parent Over U.S. Market Qualms