Tencent’s Hunyuan: Chinese Mastery Redefined – The Ultimate Competition for ChatGPT!

China’s largest internet company, Tencent, has recently made its large language artificial intelligence model, Hunyuan, available for businesses to use. With over 1.4 billion Chinese speakers worldwide, Tencent’s Hunyuan has a significant advantage in serving the Chinese market. Tencent claims that Hunyuan’s command over the Chinese language surpasses that of other AI models as well …

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Shares of China’s food delivery app Meituan plummet as Q3 outlook weakens

Food delivery couriers working for Meituan were seen equipped with insulated bags during a morning briefing in Beijing, China. The CEO of Meituan, Wang Xing, delivered a warning about a potential slowdown in food delivery during the upcoming quarter, causing the company’s Hong Kong-listed shares to fall by over 5% on Friday. However, Wang also …

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Grab and Foodpanda, popular food delivery apps, venture into offering dine-in services

Singapore-based food delivery apps, Grab and Foodpanda, are venturing into the dine-in space to meet the growing demand from consumers seeking to dine out post-pandemic. Grab is currently testing its dine-in feature in 15 cities across Singapore, Thailand, and Indonesia, allowing users to pre-purchase dine-in vouchers at up to 50% discounts. The app also provides …

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Beijing’s Promised Measures to Bolster Economy Fuel Rise in Chinese Stocks

A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …

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Analysts Express Doubts about Meituan KeeTa’s Position in the Food Delivery Competition in Hong Kong

On May 22, 2023, Meituan, the Chinese food delivery giant, launched its sister app called KeeTa in Hong Kong, marking its first expansion outside of mainland China. However, analysts are skeptical about KeeTa’s ability to gain a significant market share in Hong Kong. Shawn Yang, managing director of Blue Lotus Research Institute, believes that the …

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