Source: Tech – South China Morning PostMeituan is set to reap a sizeable financial windfall from its investments in frontier tech – including in fast-rising artificial intelligence company Zhipu AI – offering the Chinese food-delivery giant a timely boost after consecutive loss-making quarters.
On Monday, Meituan posted an adjusted net loss of 4.97 billion yuan (US$735 million) for the three months ended March 31, marking its third consecutive losing quarter. At the same time, the company disclosed that its investments in firms like…Read More