Meituan agrees to buy Dingdong, a Chinese fresh grocery e-commerce company, for $717M in cash; Dingdong had 7M+ monthly transacting users as of September 2025
China's food delivery giant Meituan said on Thursday that it had agreed to acquire Dingdong, a leading on-demand commerce platform in China specialising in fresh groceries.
StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B+
StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B+
StepFun, a Chinese AI startup specialising in the development of large language models (LLMs), has raised over 5 billion yuan …
Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share
Bloomberg :
Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively
Himanshi Akhand / Reuters :
Foxconn plans to spend another $569M through 2029 to expand its AI server manufacturing site in Mount Pleasant, Wisconsin, adding to $717M invested through 2024
Taiwanese company gets approval for more AI data center industry in Racine County TechPowerUp : Foxconn Wisconsin Plant Gets $569 Million Investment Approved Focus Taiwan : Foxconn to invest US$569 mi...
Baidu reports Q4 revenue down 2% YoY to ~$4.7B, above $4.6B est., and a ~$717M net income, above ~$540M est., as its search and AI businesses face competition
Revenue for the three months ended December shrank 2% to 34.1 billion yuan ($4.7 billion), versus an average estimate of 33.4 billion yuan.
Etsy beats with Q4 revenue of $717M, up 16.2% YoY, vs. $685M est., and 2021 revenue of $2.3B, up 35% YoY, with 96.3M active buyers, up 17.6% YoY; stock up 10%+
Annie Palmer / CNBC :
Filing: Toast, which offers cloud-based restaurant management tools, seeks $717M in US IPO at a valuation of as much as $16.5B, after pricing shares at $30-$33
Crystal Tse / Bloomberg : Source: SEC .
IBM and German research institute Fraunhofer partner to explore the potential of quantum computing, as Germany plans to invest $717M over two years in the field
Douglas Busvine / Reuters : Tweets: @missmaga2016 , @ibmresearch , and @andreasateth Tweets: @missmaga2016 : Hmmm, so is IBM also going to help #China with this? How convenient that China just signed...