Tencent Launches Hunyuan-T1 Reasoning Model as China AI Race Heats up

Seeking AlphaMar 22 09:24 ET

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.

wallstreetcnMar 21 20:42 ET

Meituan's Q4 revenue grew by 20% year-on-year, new business losses narrowed, and overseas market expansion accelerated | Earnings Reports insights.

Meituan's total revenue in Q4 increased by 20.1% year-on-year, with a net income of 6.22 billion yuan, representing a year-on-year increase of 180.7%, but a quarter-on-quarter decrease of 51.6%. New business losses further narrowed, and the company accelerated its exploration of overseas markets, expanding Keeta to all major cities in Saudi Arabia.

wallstreetcnMar 21 05:35 ET

Kai-Fu Lee: In the future, there will likely only be three major models left in China.

They are DeepSeek, Alibaba, and ByteDance. Li Kaifu stated that the competition in the large model industry in China is still very fierce, with DeepSeek currently having the strongest momentum, while ByteDance has an advantage due to its user base and monetization channels.

wallstreetcnMar 21 01:35 ET

Australian ETF Movers for Friday | Global X Ultra Short Nasdaq 10 Was the Top Gainer

Moomoo NewsMar 21 01:15 ET

The "gap" in the implementation of the DeepSeek large model integrated machine | Depth

① The customer demand for the DeepSeek all-in-one machine has significantly increased, more than doubling compared to the customer density brought by ChatGPT in the previous two years. ② Currently, there is a severe shortage of relevant technical talent in government and enterprises, and there is a considerable gap between large models and their Business implementation.

cls.cnMar 20 23:08 ET