Chinese food delivery giant Meituan beats quarterly revenue estimatesMeituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months t...
China's Meituan to buy artificial intelligence firm Light Year from cofounderThe deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of investments or acquisitions by bu...
China AI startup MiniMax raising over $250 million from Tencent-backed entity, others: reportThe deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and...
- Rise & Rise of China’s Internet Billionaires
Chinese group Alibaba's moves to take its flagship ecommerce site alibaba.com private by offering minority investors an eyepopping premium.